April 21, 2013

KKR to acquire 65% stake in clothing retailer SMCP

US-based private equity firm Kohlberg Kravis Roberts (KKR) has entered into a definitive agreement to buy 65% stake in French luxury apparel retailer SMCP Group for around €650m.

By admin-demo

US-based private equity firm Kohlberg Kravis Roberts (KKR) has entered into a definitive agreement to buy 65% stake in French luxury apparel retailer SMCP Group for around €650m.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Under the deal, the management team that includes Judith Milgrom, Eveyne Chétrite, Frédéric Biousse and Elie Kouby will own 35%.

Earlier in January 2013, the retailer had called for bids to acquire the stake owned by its stakeholders LVMH-owned L Capital and Florac.

The retailer reported revenues of €350m for the year 2012.

SMCP, in partnershio with KKR, plans to expand business in potential markets including the US and Asia.

The retailer has outlined plans to launch 150 outlets in 2013, majority of which are being planned out of its home market.

The first two stores are slated to open in Shanghai, China in July 2013, while four additional stores are planned for the end of the year.

Commenting on the acquisition, SMCP Group CEO Frédéric Biousse noted that the company is delighted to form a partnership with KKR.

"We look forward to working with KKR as we accelerate the international expansion of our brands, particularly in the United States and Asia," he added.

"KKR’s global presence and extensive experience and track-record in the international retail sector will be important assets in helping us continue our growth trajectory."

KKR France managing director and partner Jacques Garaïalde added: The Company has developed strong French brands with international appeal, and high quality products at affordable prices that meet the needs of consumers around the world. We are pleased to support the team in their growth strategy."

SMCP currently offers affordable luxury apparel segment across four brands Sandro, Sandro Men, Maje and Claudie Pierlot through 570 outlets.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.