By Andrea Figueras

Shares in SMCP jumped after the French fashion company said it would sell more than 50% of its share capital.

The company, which owns brands including Sandro and Maje, said late Thursday that the potential sale would enable the group to stabilize its shareholder structure and focus on pursuing its development strategy.

The group said the sale process is expected to last several months. If the stake acquired were to exceed 30% of the company's share capital, the purchaser might be required to launch a public tender offer for all SMCP shares, it said.

The stock was up 11% at 6.58 euros in European morning trading. When the company listed in 2017, shares were valued at 22 euros.

"At this stage, however, there is no certainty that the process will be successful, and the final decision on the sale remains with the holders of the aforementioned shareholdings," the company said.

The shares affected include a 28% stake held by provider of trustee services GLAS, a 15.5% stake held and managed by investment holding company European TopSoho, or ETS, and a 7.7% stake held by ETS, which is being managed by Alix Partners.

The planned sale follows the return of 15.5% stake to shareholder ETS from a trust called Dynamic Treasure Group, also linked to ETS's Chinese owners.

The share sale process will be managed by Lazard Freres.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

November 28, 2025 06:20 ET (11:20 GMT)

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