SMCP Shares Jump After Entry Into Indian Market
November 30 2023 - 4:09AM
Dow Jones News
By Pierre Bertrand
SMCP shares jumped higher Thursday after the French fashion
company said it had entered the Indian market.
At 0830 GMT shares traded 1.2% higher at EUR3.67, losing much of
the ground gained in early trading when shares had risen as high as
7.4%.
The owner of Sandro, Maje, Claudie Pierlot and Fursac brands
said that it has partnered with Reliance Brands Limited in the
country and that Reliance has become the exclusive distributor for
Sandro and Maje in India.
SMPC said that Sandro and Maje will open their first stores in
the country in 2024.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
November 30, 2023 03:54 ET (08:54 GMT)
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