[3] Prior to the founding of SMCP Group, Sandro, Maje, and Claudie Pierlot operated independently in the growing accessible luxury fashion niche in France.
[5] The investment provided SMCP access to L Capital and LVMH's assets in the textile sector and experience working with rapidly expanding, formerly family-run brands.
[6] In March 2013, American private-equity firm KKR acquired a 65 percent stake in SMCP Group from L Capital and Florac for an estimated 650 million euros, becoming its majority owner.
[8] In April 2016, Chinese textile conglomerate Shandong Ruyi acquired a controlling interest in SMCP from KKR for an estimated 1.3 billion euros to take advantage of China's growing middle class and in hopes of one day becoming "a global leader in accessible luxury.
[21] In January 2022, Blackrock, the Carlyle Group, and other investors joined forces under GLAS, a trustee, and voted to dismiss five board members representing the former majority owner of the company, European TopSoho.
[3] In 2023, SMCP which is already present in 47 countries, announced its entry to the Indian market, where it will open its first stores in 2024, through a partnership with the Reliance Brands Limited (RBL) group.