SMCP: a comfortable added value

Appreciation. The SMCP stock is recovering with an appreciation of nearly 30% over one month… Despite the continuation of the Covid-19 crisis in China, the so-called accessible luxury leader achieved a solid third quarter. Driven by Europe and the United States, organic growth was +9.4% over the period. Local customers have resumed shopping and the return of tourists is boosting demand. Each of the brands making up SMCP’s portfolio is experiencing double-digit growth. Sandro, the most important of them, displays the strongest expansion…