By Pierre Bertrand Shares of SMCP tumbled Tuesday after the French fashion company slashed its sales and profitability forecasts on Monday afternoon. At 0726.
By Mauro Orru SMCP lowered its sales and profitability forecasts for the year after market conditions deteriorated since the end of July, with inflation.
Press release - Paris, September 18th, 2023 Adjustment of annual guidance in a deteriorated economic environment SMCP, parent company of the brands Sandro, Maje, Claudie Pierlot and Fursac, adjusts.