March 2, French fashion group SMCP, the parent company of French fashion brands Sandro, Maje, Claudie Pierlot, and De Fursac, announced financial figures for the fourth quarter and full year of fiscal 2022: Sales hit a record at €332m in Q4, up +4% on an organic basis vs. 2021, despite a high comparison basis; FY 2022 Sales reached €1,206m, up +13% on an organic bas5is vs. 2021, driven by a like-for-like growth of +14%.
Additionally, in FY2022, SMCP succeeded in the full-price strategy with an average discount rate down by 4 points in one year and 9 points in two years. The store net …
