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French fashion company SMCP Q3 sales rise, reiterates 2021 target -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : Maje labels are pictured in Maje Luxury Clothing Store, Paris, France. December 21, 2017. REUTERS/Benoit Tessier

PARIS (Reuters) – French fashion brand SMCP said Wednesday that it saw a slight increase in third-quarter sales from a previous year, although still below its pre-pandemic 2019 levels.

The company also stated that it is confident in reaching the overall goal of 1 Billion Euros ($1.2B) in 2021 sales.

SMCP’s 3rd quarter sales increased to 271.7 Million Euros, compared with 248.4 Mio. euros a year ago.

Isabelle Guichot CEO of SMCP stated, “Looking ahead, after having witnessed a positive trend across all market during the first weeks October, we feel confident in our ability to reach 1 million euros in full year 2021 sales.”

($1 = 0.8593 euros)

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