SMCP Q1 Sales Rise 9% on International Growth

PARIS — SMCP, the owner of Sandro, Maje and Claudie Pierlot, reported a 9 percent sales rise in the first quarter, buoyed by business abroad, especially in the Asia-Pacific region. Sales for the first three months of 2019 totalled 274.6 million euros, with growth coming from all regions except France. The country registered a 3.9 percent decline due to a challenging home market rattled by the yellow vest movement protest that’s resulted in a slowdown in tourism and lower consumer confidence. On a constant-currency basis, company sales rose 7.2 percent. Daniel Lalonde, SMCP’s chief executive officer, said first-quarter “sales are in line with our expectations, and we are particularly satisfied with our performance in APAC, which demonstrates the huge international potential of our brands and their ever-growing desirability. “In France, we successfully pursued the optimization of our network, while investing in key stores’ renovation,” he continued. “Globally, we further developed our sales of accessories and successfully pursued our digital strategy, such as a new partnership with JD.com in Mainland China.” The group generated 67.5 million euros in the Asia-Pacific region, with 32.3 percent growth. In the Europe, Middle East and Africa region, sales gains were 10.4 percent to 79.4 million euros, while in the Americas

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