Once again, the new Chinese owners of French nuggets are proving to be much less solid than they announced.
At the end of 2020, Kidiliz, the former Zannier group (Z, Catimini, Absorba, Chipie brands ...), went to the carpet for lack of support from its shareholder, before being sold by apartment.
In the spring, the owner of Baccarat, over-indebted, had to surrender, and the brand came under the control of his creditors.
SMCP (Sandro, Maje, Claudie Pierlot and de Fursac) is in turn confronted with the failings of Shandong Ruyi, its first shareholder since 2016. The group's activity is not in danger, the latter should soon change hands.
Listed in Paris since October 2017, SMCP's 53% shareholder is Luxembourg-based European TopSoho, a subsidiary of Chinese textile giant Shandong Ruyi Group.
On September 21, European TopSoho did not repay a maturity loan of 250 million euros, consisting of bonds exchangeable into SMCP shares.
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