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Christophe Cuvillier and Isabelle Guichot: two ex-Pinaults at work with Sandro and Maje

2022-01-18T21:19:07.591Z


The former chairman of the management board of Unibail-Rodamco-Westfield has been appointed chairman of the board of directors of SMCP to replace the Chinese Yafu Qiu, dismissed on Friday by its shareholders.


After a decade under the Chinese flag and two years of financial turbulence and shareholder battles, fashion brands Sandro, Maje, Claudie Pierlot (and Fursac since 2019) are preparing for a new spring. Exit the Chinese Yafu Qiu, the new board of directors of SMCP decided by the AG of January 14 appointed Monday Christophe Cuvillier, already independent administrator, new president of the board. A decisive step for the listed group, currently 28.8% owned by the trustee Glas (the former creditors), 8% by the former majority shareholder ETS, alongside the public (40%) and management . A capital still to evolve since Glas should seek a buyer. In 2017, when it was listed, the company was valued at 1.7 billion euros.

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Source: lefigaro

All business articles on 2022-01-18

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