Fashion group SMCP: stresses value creation remains key, amid debt wranglings
06/10/2021 12:13
PARIS, Oct 6 (Reuters) - French fashion company SMCP
SMCP.PA , whose brands include Sanro and Maje, stressed on
Wednesday that value for its shareholders was key, as its
majority shareholder Shandong Ruyi 002193.SZ faces debt
issues. urn:newsml:reuters.com:*:nL1N2R121Y
"Value creation for all of the Group's stakeholders
(shareholders, employees and other partners) is at the heart of
the company's strategy. SMCP and its teams remain fully
committed to the implementation of the One Journey strategic
plan to 2025," it said in a statement.
(Reporting by Sudip Kar-Gupta, Editing by Louise Heavens)
((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))