SMCP - New partner in Indonesia and in the Philippines
September 10 2024 - 1:30AM
UK Regulatory
SMCP - New partner in Indonesia and in the Philippines
Press release - Paris, September 9th,
2024
After India, SMCP carries on its
international expansion and enters Indonesia and the
Philippines
SMCP, parent company of the brands Sandro, Maje, Claudie Pierlot
and Fursac, is delighted to announce the signing of two new
distribution partnerships with two major APAC countries: the
Philippines and Indonesia.
Following the announcement of its expansion in India over a year
ago, the Group has signed two new distribution partnerships with
SSI Group (Philippines) and Map Group (Indonesia). These two key
countries in the APAC region are key drivers of development and
influence, with strong economic growth and a flourishing middle
class.
SMCP has already opened its first Sandro store
in Jakarta (Plaza Senayan). In the Philippines, it plans to open 4
shops in Greenbelt and Central Square, two key districts of
metropolitan Manila, as well as 3 corners in the Rustan's Makati
department stores. Other openings are planned over the next 5 years
in the most prestigious shopping malls in these two countries.
Map Group, a distributor in Indonesia since
1995, has become a leader in several segments over the years
(fashion, cosmetics, sport, etc.). Today, Map Group operates nearly
3,000 shops (Inditex Group, Loewe, Max Mara, Lacoste, Starbucks,
etc.) in almost 80 Indonesian towns and cities.
SSI Group is a specialist luxury and
ready-to-wear retailer in the Philippines. SSI Group operates 570
stores throughout the Philippines on behalf of 90 brands, including
long-term partnerships with leading fashion houses (Cartier,
Hermès, Givenchy, Zara etc).
These two partnerships confirm the Group's ambition to
accelerate the spread of its brands into new growth territories
with strong growth potential.
ABOUT SMCP
SMCP is a global leader in the accessible luxury
market with four unique Parisian brands: Sandro, Maje, Claudie
Pierlot and Fursac. Present in 46 countries, the Group comprises a
network of over 1,600 stores globally and a strong digital presence
in all its key markets. Evelyne Chetrite and Judith Milgrom founded
Sandro and Maje in Paris, in 1984 and 1998 respectively, and
continue to provide creative direction for the brands. Claudie
Pierlot and Fursac were respectively acquired by SMCP in 2009 and
2019. SMCP is listed on the Euronext Paris regulated market
(compartment A, ISIN Code FR0013214145, ticker: SMCP).
CONTACTS
INVESTORS/PRESS
|
|
|
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SMCP
|
BRUNSWICK |
Amélie
Dernis |
Hugues Boëton +33 (0) 6 79 99 27 15 |
+33 (0) 1 55 80 51
00 |
Tristan Roquet Montegon +33 (0) 6 37 00 52 57 |
amelie.dernis@smcp.com |
smcp@brunswickgroup.com |
- SMCP - Press Release - New partner in Indonesia and in the
Philippines
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