SMCP Expands Reach with New Partnerships in Southeast Asia
SMCP's Expanding Global Presence
As SMCP continues to broaden its horizons, the luxury fashion group known for its distinctive brands like Sandro, Maje, Claudie Pierlot, and Fursac is thrilled to announce a pivotal development in its international expansion strategy: partnerships with two significant players in the Asia-Pacific region, specifically in Indonesia and the Philippines.
Strategic Partnerships in New Markets
The establishment of distribution partnerships with SSI Group in the Philippines and Map Group in Indonesia represents a significant milestone following SMCP's recent entrance into the Indian market. These nations are not only crucial drivers of growth within the APAC region but also exhibit strong economic performance and a burgeoning middle class, making them ideal for luxury fashion brands.
In Jakarta, the capital of Indonesia, SMCP has proudly opened its first Sandro store at Plaza Senayan. The Group's plans don't stop there; it is set to open four additional stores in the bustling shopping districts of Greenbelt and Central Square in metropolitan Manila, as well as three dedicated corners within Rustan's Makati department stores. Over the next five years, SMCP intends to expand its presence further in these countries, eyeing prestigious shopping malls and elite locations.
The Role of Map Group in Indonesia
Map Group has a storied history in Indonesia, having operated successfully in the market since 1995. As a key distributor, it has distinguished itself in various segments including fashion, cosmetics, and sports. Currently, Map Group oversees nearly 3,000 shops across nearly 80 cities in Indonesia, working with renowned brands like the Inditex Group, Loewe, Max Mara, Lacoste, and Starbucks. This extensive reach makes Map Group an exceptional partner for SMCP as it seeks to penetrate the Indonesian luxury market.
Understanding SSI Group's Contribution
Operating out of the Philippines, SSI Group excels as a specialist retailer in luxury fashion and ready-to-wear segments. With approximately 570 stores nationwide representing 90 different brands, SSI's partnerships with prestigious fashion houses such as Cartier, Hermès, and Givenchy certainly enhance its relevance in the luxury space. This strategic collaboration is intended to amplify SMCP's reach within the Filipino market, further solidifying its foothold in Southeast Asia.
SMCP: A Leader in Accessible Luxury
SMCP has carved a niche for itself as a leading player in the accessible luxury market. With its four unique Parisian brands, each offering a distinct aesthetic, the company has successfully established a presence in 46 countries. With more than 1,600 stores worldwide and a robust digital platform, SMCP has positioned itself as not just a retailer, but a key influencer in the global fashion landscape.
The company, founded by Evelyne Chetrite and Judith Milgrom in Paris, boasts a rich heritage dating back to the late 1980s and 1990s. In 2009 and 2019, SMCP enhanced its portfolio with the acquisition of Claudie Pierlot and Fursac, respectively. Its growth trajectory reflects an ambition not just to sell clothing, but to express a lifestyle aligned with contemporary consumer desires.
Contact Information for Further Inquiries
For investors and press inquiries, SMCP has designated contact points for seamless communication. Amélie Dernis represents SMCP, while the Brunswick Group, led by Hugues Boëton and Tristan Roquet Montegon, stands ready to assist with broader investor relations. They invite inquiries through the official contact numbers and email addresses provided for each representatives.
Frequently Asked Questions
What are the new markets SMCP is entering?
SMCP is expanding into Indonesia and the Philippines with new distribution partnerships.
Who are the local partners for SMCP in Asia?
The partnerships are with SSI Group in the Philippines and Map Group in Indonesia.
How many stores does SMCP plan to open in the Philippines?
SMCP plans to open four stores in key districts of metropolitan Manila and additional corners in high-end department stores.
What brands does SMCP encompass?
SMCP incorporates the luxury fashion brands Sandro, Maje, Claudie Pierlot, and Fursac.
Where can I find more information about SMCP?
Further inquiries can be addressed to their investor and press representatives using the contact details provided.
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