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Sandro Owner SMCP Posts Rise in First Quarter Sales

First-quarter sales rose to €274.6 million ($306.4 million), up 9 percent from the previous year.
Sandro Store in Hong Kong | Source: SMCP
By
  • Reuters

PARIS, France — SMCP, the French fashion group, whose brands include Sandro, reported a rise in first-quarter revenues on Monday and kept its guidance for a higher annual sales growth and stable profit margins.

First-quarter sales at SMCP, which is majority owned by Chinese retail group Shandong Ruyi, rose to €274.6 million ($306.4 million), up 9 percent from the previous year and led by higher revenues in the Asia-Pacific region.

By Sudip Kar-Gupta; editor: Uttaresh V.

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