Fashion > Shoes

Sandro owner acquires menswear brand

22 days ago   |   By Drapers

SCMP, the owner of Sandro, Maje and Claudie Pierlot, has announced plans to acquire menswear brand De Fursac.
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SMCP in Exclusive Talks to Buy De Fursac

SMCP in Exclusive Talks to Buy De Fursac

22 days ago   |   By WWD

PARIS - SMCP, the group behind Sandro, Maje and Claudie Pierlot has entered exclusive talks to buy men's wear label De Fursac, WWD has learned.
The move marks the decade-old group's first acquisition and signals its plans to grab more territory in the growing men's wear market.
“It's the first time the group has added a brand,” said SMCP chief executive officer Daniel Lalonde, who called the transaction a “very strategic move.”
Daniel Lalonde
Courtesy
Lalonde noted the market for men's wear in the accessible luxury category is worth around 21 billion euros and expected to grow at a rate of...
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