Love stories end badly, in general.
Many French companies could use this Rita Mitsouko refrain to depict their marriage with Chinese investors.
Starting with the tricolor nugget of accessible luxury ready-to-wear SMCP (Sandro, Maje, Claudie Pierlot, de Fursac).
This Friday, the general assembly meeting in Paris should vote on the ousting of the board of directors of the five Chinese linked to the Shandong Ruyi group, former majority shareholder via its subsidiary European TopSoho.
One more episode in the Homeric battle between this Chinese group and its Western creditors.
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Sandro and Maje could soon no longer be Chinese
It all started well in 2016, when Shandong Ruyi bought 53% of SMCP.
This powerful textile group then promised to help the French company to accelerate in the Middle Kingdom.
An argument that Chinese investors have repeatedly put forward.
In 2018, the children's fashion specialist Semir acquired Kidiliz, the former Zannier group…
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