SMCP’s Share Capital Update: Court Orders Return of Stake
Significant Court Order for SMCP’s Share Capital
In a noteworthy legal development, SMCP has received confirmation from the Singapore High Court regarding the transfer of a crucial 15.5% stake of its share capital. This decision from the court is pivotal in the ongoing journey of the company to enhance its shareholder value.
Details of the Court Ruling
The Singapore High Court mandated that Dynamic Treasure Group Ltd (DTG) must return the aforementioned 15.5% shareholding to European Topsoho S.à r.l. (ETS). This stake was originally transferred back in 2021, and the recent ruling underscores the importance of legal adherence within corporate governance.
DTG is expected to comply with the court's order within one week of being notified. However, there is an acknowledgment that this ruling can still be subject to potential appeals, emphasizing the dynamic nature of legal proceedings in corporate contexts.
About SMCP
SMCP stands as a leader in the accessible luxury market, operating four distinct Parisian brands: Sandro, Maje, Claudie Pierlot, and Fursac. The company's presence spans over 53 countries, showcasing a remarkable network of more than 1,600 stores worldwide. Under the adept leadership of CEO Isabelle Guichot, SMCP also boasts a robust digital strategy that resonates in key markets globally.
The Founders and Their Vision
Founded by Evelyne Chetrite and Judith Milgrom, Sandro and Maje rose to prominence in Paris during the 1980s and late 1990s. Their creative directions continue to shape the brands, infusing them with innovative and stylish designs that appeal to modern consumers. SMCP expanded its portfolio with the acquisitions of Claudie Pierlot in 2009 and Fursac in 2019, further solidifying its esteemed position in the fashion industry.
Investor Relations and Contact Information
For stakeholders seeking further insight into SMCP's corporate activities or share performance, the company provides dedicated channels for communication.
Contact Points for Investors and Press
Interested parties can reach out to:
SMCP Contacts: Amélie Dernis at +33 (0) 1 55 80 51 00, amelie.dernis@smcp.com.
Brunswick Contacts: Hugues Boëton at +33 (0) 6 79 99 27 15, or Tristan Roquet Montegon at +33 (0) 6 37 00 52 57.
Frequently Asked Questions
What was the recent court ruling regarding SMCP?
The Singapore High Court ordered Dynamic Treasure Group Ltd to return a 15.5% stake to European Topsoho S.à r.l.
What does SMCP represent in the luxury market?
SMCP is a significant player in the accessible luxury sector, featuring brands like Sandro and Maje.
Who are the founders of SMCP’s brands?
Evelyne Chetrite and Judith Milgrom founded Sandro and Maje in the 1980s and 1990s, respectively.
How many stores does SMCP operate globally?
SMCP has over 1,600 stores in more than 53 countries worldwide.
How can I contact SMCP for investor relations?
You can contact Amélie Dernis at +33 (0) 1 55 80 51 00 or email her at amelie.dernis@smcp.com.
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