Report
Geoffroy Michalet

SMCP : GLAS, the trustee reaches 29% of voting rights and 23% of the capital, takeover bid scenario looking increasingly likely

>AMF filing: the trustee has crossed a capital threshold - In a filing with the AMF, the trustee, GLAS, declared that on 4 October 2021 it increased its stake above the thresholds of 5%, 10%, 15% and 20% of the capital and voting rights and 25% of the voting rights in SMCP and owns 17,469,110 SMCP shares representing 34,938,220 voting rights, i.e. 23.08% of the capital and 28.99% of the company’s voting rights.The trustee, acting on behalf of the bondhold...
Underlying
SMCP SA

SMCP is engaged in the apparel and accessories retail market. Co.'s products are sold through a network of points of sale and websites. Co.'s product range is composed of on-trend and quality womenswear, menswear and accessories. Co.'s three brands can be characterized as follows: Sandro, targeted at sophisticated and self-confident women with a sleek, cool sense of style and a Parisian nonchalance; Maje, a bohemian chic positioning, targeting a feminine and young-at-heart and joie de vivre clientele and Claudie Pierlot, characterized as Parisian-preppy, wise and with a rebel touch. Claudie Pierlot is focused on a timeless, effortless style.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

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