By
AFP Translated by
Nicola Mira Published January 7, 2025 Reading time
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SMCP founders, executives hold 10.3% stake in group after preferred shares conversion

By
AFP Translated by
Nicola Mira Published
January 7, 2025

Around 100 “senior executives and managers” of fashion group SMCP (Sandro, Maje, Claudie Pierlot), including founders Evelyne and Ilan Chétrite and Judith Milgrom, are now holding a 10.3% stake in the group following a preferred shares conversion, according to a press release issued on Friday.

Between 2016 and 2017, SMCP, which also owns menswear label Fursac, “exceptionally issued” nearly 1.3 million “preferred shares” with a nominal value of €1.10 each, to 98 of the group’s senior executives and managers, as the group has stated in a press release.

Among the beneficiaries were Evelyne and Ilan Chétrite, and Judith Milgrom, the group’s “founders and managing directors.”