Sandro Parent Company Submits Performance Report To IPO Document

In 2015, when the retail industry was in the doldrums, it also prompted many excellent brands to be bought by big consortia.

As we have reported earlier, in the open market, Burberry is also likely to be vigilant from the consortium's covetous.

But not only that, but some takeovers have come to some big reversals.

We have reported earlier that KKR&Co.LP, a private equity fund of Sandro and Maje, decided at the beginning of September last year to put the SMCP SAS, the parent company of its two luxury brands, on the market at the beginning of this year. This news drew many buyers' negotiations.

And the capital of Ruyi wool textile Limited by Share Ltd from Shandong, China is particularly advanced. After a month's negotiations, it came to the news that its rival Lion Capital LLP launched a bid.

Recently, however, SMCP SAS submitted a IPO registration document to AMF, the French financial market regulator, which is unexpected.

People familiar with the matter said that the reason why the two sides failed to reach a deal was that they could not reach a consensus on the issue of paction volume. In the registration documents submitted by SMCP SAS, three founders held 21.1% of the group's shareholding and 14.57% of their voting rights, while KKR&Co. LP had 69.75% of the shares and 78.83% of the voting rights. Therefore, on the other hand, it seemed to confirm that there was a divergence of opinions on the number of shares sold by the insiders.

In the slow growth of the global luxury industry, Sandro,

The excellent performance is undoubtedly very rare.

The design style of the brand is also very much in line with the needs of the current consumer groups. It is expected that not only will it grow rapidly in the local market, but the Chinese market will also need to expand.

However, in

Whether it can become a problem of Ruyi in Shandong is not a foregone conclusion. The income of SMCP SAS has doubled since the current KKR&Co.LP holdings, and the valuation should be more than 1 billion euros.

Therefore, if the two sides can make progress on the paction volume, perhaps the SMCP SAS that has been submitted to the IPO plan is still expected to become a ruyi of Shandong.

However, although the group did not provide registration documents,

Details of the scale, time, etc., but released the 2015 performance data.

SMCP SAS's annual core earnings EBITDA recorded an increase of 44% to 107 million euros, and revenue rose 33% over the same period. This means that the three major brands of the group still maintained a hot sales power of about 32.5% in the second half of the 2015 fiscal year.

And sales in the international market accounted for 48% of the total in the first half of the year, and increased to more than half of the figures. The same store sales increased by 11% year-on-year.