January 22
Magazine #01

Let 2022 begin!

First, we wish you a beautiful year 2022 filled with joy, health and beautiful projects. We also send you our best wishes for this new Lunar Year under the sign of the Tiger. Let us be inspired & carried away by its strength, courage, and energy!

To get 2022 off to a good start, take the time to browse your SMCP Newsletter for the latest news.

1

Global News

1 – Appointment of Charlotte Tasset Ferrec as Maje's CEO

We are delighted with the arrival of Charlotte Tasset Ferrec as CEO of Maje, joining the Executive Committee of SMCP.

 

Isabelle Guichot, CEO of SMCP, said:

 “I am very pleased to welcome Charlotte to the SMCP Executive Committee as CEO of Maje, a house that I know well after having led it for four years. During her extensive career in fashion, Charlotte has acquired an in-depth knowledge of retail, a strategic vision and a leadership, which are major assets to pursue the growth and expansion of Maje as a key global player in the affordable luxury market. I join the entire SMCP team in wishing her every success in her new role.”

 

This appointment is an excellent news for the Group and for Maje, we wish Charlotte a lot of pleasure and success in her new role!

2 – New composition of the Board of Directors

 

As you probably have learned, a Shareholders’ General Meeting of SMCP has been held on January 14, 2022. This General Meeting had been convened at the request of GLAS, which has taken possession of part of the SMCP shares belonging to ETS (European TopSoho, a subsidiary of the Shandong Ruyi Group), representing 29% of the capital of SMCP, following the absence of reimbursement by ETS of a loan at its term in September 2021.

During that General Meeting, the shareholders have approved the dismissal of the five members of the Board of Directors representing ETS and approved the appointment of three new independent directors (Ms. Natalia Nicolaidis , Mr. Christophe Chenut and Mr. Xavier Véret).

The Board of Directors met on January 17 to appoint as its new Chairman Mr. Christophe Cuvillier (already an independent member of the Board since June 2021). He replaces in this role Mr. Yafu Qiu. This appointment has been decided with a unanimous vote of members attending, among which Evelyne Chetrite, Judith Milgrom and Isabelle Guichot.

 

As a reminder, the functions of Chairman of the Board of Directors and Chief Executive Officer are separated at SMCP.

General Management

Isabelle Guichot, as Chief Executive Officer, is in charge of the Group’s operational management, with the support of Evelyne, Judith and Ilan and the rest of the ExCom.

 

Board of Directors

The Board of Directors, for its part, has in particular the mission to validate the Group’s strategic direction and to ensure that the actions taken by the General Management are consistent with the strategy defined for the company.

SMCP Board of Directors’ members are:

  • Christophe Cuvillier – Chairman & Independent Director
  • Isabelle Guichot – CEO SMCP
  • Evelyne Chetrite – Deputy General Manager SMCP
  • Judith Milgrom – Deputy General Manager SMCP
  • Natalia Nicolaidis – Independent Director
  • Christophe Chenut – Independent Director
  • Orla Noonan – Independent Director
  • Xavier Veret – Independent Director
  • Xiao Wang – Independent Director
  • Dajun Yang – Independent Director
  • Lauren Cohen – Director representing employees
  • Marina Dithurbide – Director representing employees
  • Ilan Chetrite – Observer & Deputy General Manager SMCP

 

The Board of Directors has 3 specialized Committees: an Audit Committee and a Nomination &Compensation Committee, and a recently created ad hoc Committee. Their purpose is to assist the Board in some tasks and to contribute effectively to the in-depth preparation of specific matters submitted to its approval.

 

Audit Committee

Its mission is to monitor some issues relating to the preparation and control of accounting and financial information and to ensure the effectiveness of the risk monitoring and operational internal control system.

Audit Committee’s members are:

  • Ms. Orla Noonan – Chairman
  • Mr. Xavier Veret
  • Mr. Dajun Yang

 

Nomination & Compensation Committee

Its mission is to assist the Board of Directors in the composition of the management bodies of the company and the Group, and in the determination and regular assessment of all compensation and benefits of the Group’s employees and corporate officers.

Nomination and Compensation Committee’s members are:

  • Mr. Christophe Cuvillier – Chairman
  • Ms. Evelyne Chetrite
  • Mr. Christophe Chenut
  • Mr. Xiao Wang

 

Ad Hoc Committee

The ad hoc Committee was created by the Board of Directors on January 25, 2022, following the change in the composition of SMCP’s shareholder base. Its mission is to oversee discussions on issues relating to the reorganization of SMCP’s share capital with a view to stabilizing and consolidating its shareholder base, in the strict interest of the company, its employees and all its shareholders.

Ad hoc Committee’s members are:

  • Ms. Orla Noonan – Chairman
  • Ms Natalia Nicolaidis
  • Mr. Christophe Cuvillier

3 – Sandro & Maje celebrate the Chinese New Year!

To celebrate the Year of the Tiger,

SANDRO collaborates with the illustrator @sunjiayi1995 to design special Tiger Family illustrations.

Discover the exclusive capsule collection available in a selection of stores.

4 – SANDRO releases its upcycling collection: ENDLESS LOVE

 

ENDLESS LOVE is a capsule of 100% upcycled pajamas, made from fabrics of previous collections. In limited edition, you can find it exclusively on the e-shop.

5 - Your 2022 training plan starts by Parisian HQ!

 

“SMCPeople pillar aims to develop our passionate entrepreneurs and engage all our stakeholders to respect and defend our values, promoting inclusion, diversity and well-being at work.”

 

It is also essential to include this value in your skills development plan. Therefore, starting in March for the Parisian HQs, we are offering a new diversity training workshop: the Fresco of Diversity

The objective of this workshop: to raise awareness and share a common base of reflections that will then enable you to take action or strengthen existing initiatives.

Presented by a facilitator, this interactive workshop is based on a set of concept cards, a support for the exchange, on which the group must collectively build a logical process.

 

Stay tuned for the next training! La School team leaves no one behind…

6 – The Parisian Marathon is coming up!

Our Parisian HQ teams are getting trained for the next Parisian Marathon: at Sandro’s with a sports coach and at SMCP Global Services with the SMCPRun duo.

One goal in mind: to complete the marathon on April 3rd! So run, run, run ??

Bravo for this initiative, don’t give up. We are all & all behind you!

2

Sustainability Culture

1 – Rediscover our 2025 Sustainability ambition

 

Because we, at SMCP, are convinced that Parisian elegance is only desirable when it is sustainable, we have built our Sustainability Strategy for 2025 in an ambitious way, around 3 key pillars: Product, Planet, People.
Discover how we approach these topics, at the heart of the strategy of our 4 brands!

For more information: https://lnkd.in/gkQPuqN9

2 – SMCP is updating its Carbon Footprint review!

 

But what is this?

The Carbon Footprint is an international diagnosis tool aimed at reaching a better understanding and providing an analysis of the activity of individuals, companies, communities and administrations in terms of GHG emissions (Greenhouse Gases, i.e. those responsible for climate change).

At SMCP, we will for example look at:

  • How many kilograms of cotton, polyester, wool etc. we bought to make our products;
  • Whether or not our products were made in factories with environmental certifications such as water-saving certifications;
  • How many kilometers our products have traveled by plane, truck, boat ortrain from their place of manufacturing to the store;
  • How many computers and printers we have in our headquarters, warehouses and stores;
  • How many kWh of electricity we consume in our offices, warehouses and stores;
  • How many polybags, hangers, shopping bags were used in one year;

 

As you can see, dozens of types of data have to be collected before being computed by a big “calculator” that converts them into “kilograms of CO2 emitted” – as an example, buying 1 kg of organic cotton is equal to an impact of 9 kgs of CO2.

 

In 2018, SMCP’s worldwide activities, all BUs together, had generated 181,000 tons of CO2, which is the equivalent of 713 million kilometers driven by car, or more than 19 years of lighting the whole city of Paris. Through a communication to the market in October 2019, we have committed to reducing at source our emissions.

Our ambition is to reduce our carbon impact by at least 20% by 2025.

 

This will be achieved through actions within two of our strategic pillars, SMCProduct and SMCPlanet.

For SMCProduct, this means: 

  • Producing just the right amount, and integrating an increasing share of recycled and/or organic materials in our collections;
  • Developing rental offers that will allow us to produce fewer pieces;
  • Developing second-hand offers to extend the life of our products.

 

Actions under this pillar should enable us to reach 75% of our reduction target.

For SMCPlanet it is about: 

  • Reducing the share of air freight in our imports;
  • Developing our Green Stores through the use of LEDs lighting and eco-responsible materials, the elimination of wastewater air-conditioning systems, the installation of presence detectors in the storerooms and of clocks in the storefront to shut down the lights automatically at night, the conversion and reuse of construction waste and the signature by all our partners of our supplier code of conduct;
  • Reducing our consumption of single-use supplies (hangers, polybags, shopping bags, etc.).

 

Actions under this pillar should enable us to achieve the remaining 25% of our reduction target.

We have already implemented several significant actions but there is still a long way to go. In order to ensure that we are making progress and that we are on track to reach our target by 2025, we are conducting a new Carbon Footprint review in the first half of 2022 in order to determine our  Carbon Footprint in 2021.

The Group Sustainability Committee will oversee the coordination of the data collection for all BUs. So, if they reach out to you for this, we are counting on you to help them as much as possible!

Stay tuned for the results! ?

3

Creative Update

SANDRO PARIS – A new collection unveils in stores

For the Spring / Summer 22 season, the Sandro creative studio wanted to tell a story about the Mediterranean coast, in all its richness and liberty. With a dreamy spirit and a free heart, the Sandro woman longs for escape and sunshine. On her summer wishlist: dancing, sunbathing and travelling. Simply in a word, live.

Because Summer reminds us of freedom, we leave the formal outfit and make way for effortless tailoring. With generous suits in sandy linen or light-blue cotton, the Sandro Homme wardrobe is infused with an air of summer chic. Crew neck and polo neck jumpers are designed in Turkish stitch and clusaz. As always, the Sandro Homme studio shares its common grounds by reinterpreting everyday clothes.

MAJE – #FREESPIRIT

Summer is almost here. Or at least, we can start dreaming about it!

For this new SS22 season, Maje celebrates the freedom of the 1970’s, depicted by the sensual allure of Mica Arganaraz and captured under the lens of Valentin Herfray.

 

Episode 1 

Caught up in a playful and colourful whirlwind, music is the symbol of such absolute and boundless freedom. A psychedelic trip to the rhythm of a girls band from the Seventies, when everything was possible.

An uncompromising feminine seduction which celebrates all the many different expressions of womanhood.

This is where the power of Maje lies.

Empowering women so that they can do whatever they want and be whoever they want. Able to make themselves heard and be free.

CLAUDIE PIERLOT – A SUNNY JOURNEY

Claudie is setting its sights elsewhere for the new season. Where are we bound? For new spiritual and stylistic territories. Searching for those suspended moments, between the country we dream about and the distant memories drifting back to us, our wardrobe is a total change of scenery.

 

READY TO MOVE

Our suitcase includes pieces designed so you can fully live in the moment. Accentuated by bright pop shades, wardrobe staples have been modernised with smart new redesigns, like a half-zip pullover, a trench coat with just the right shade of camel, not to mention an oversized polo shirt and the matching stripy jogging bottoms. As for the jackets, they button and sport multiple pockets. The backdrop to it all is a desire to move freely and easily, 8,000 km from your home or around the city streets. Dresses have gone extra, while trousers have increased in volume, covered with bold prints, to strike a pose on the streets or on the sand. Let’s break free!

FURSAC – FW22 Collection Showroom Presentation

Rue Drouot, Paris 1957. Henri Leproux installs a jukebox in his tearoom. Before long the Golf Drouot is on the lips of every Parisian rock’n’roll fan, turning it into a fully-fledged club four years later. Les Grands Boulevards de Paris, the neighbourhood that FURSAC calls home and that Marcel Proust relied on for distraction, was suddenly the center of Parisian nightlife. People flocked “au Golf” to watch Dutronc, Hallyday, The Who or rub shoulders with Mick Jagger. Paris’s first rock’n’roll DJ, Dominique Guillochon, would play all the latest records from the Beatles to Otis Redding. But by the late ‘70s, disco was everywhere, and The Palace soon took over as the place to be.

It was one of the great chapters in the long history of Les Grands Boulevards and Parisian nightlife and is at the heart of the FURSAC Autumn-Winter 2022 collection.

Gauthier Borsarello celebrates the classic ‘60s French wardrobe through to the very early ‘80s. From the Parisian Right-Bank’s relaxed pairing of tailored clothes with denim, jersey and tuxedo-jackets; to further afield and different regions of French for ski sweaters, workwear trousers, peacoats and aviator bombers, or a double-down puffer jacket. The varsity jacket is also reimagined with a French twist, embroidered with the Arc-de-Triomphe and the Eiffel Tower.

FURSAC tailoring also evolves: the jackets are longer, the drape sharper, the shoulders more natural, the canvas redesigned. As office dress codes shift, suits are cut to be more comfortable, easier to wear.

Evening wear becomes more flamboyant: silver and leopard-print complement black and burgundy. Satin bands, creme-coloured shirts, contrasting collars, generous bow-ties, and even (fake) fur coats also make an appearance.

The masculine silhouette is recast with a pure, modern pedigree. Shirts and jumpers feature prints inspired by playing cards and naive art. Footwear includes French “Gardiane” Boots with Cuban heels, nylon sneakers, loafers, black buckled leather boots. Accessories introduce belts with western buckles and mixed-materials, double-faced scarves. Materials continue to evolve, with Italian nylon, cotton poplin, denim, flannel, cords and heavy jersey in the mix.

4

Digital Elegance

1 – TopPosts

2 – SMCPress

5

Made with Passion

1 – Maje Chengdu TaikooLi store reaches the highest LEED certification!

 

As part of SMCP’s commitment to Sustainability and its desire to rethink its stores with respect to the environment in terms of construction, design with the use of more eco-responsible materials and the operation of its stores, the Maje has received the Platinum grade of LEED (Leadership in Energy and Environmental Design) certification – which is the highest level of certification.

2 – New openings and renovations!

Congratulations to the teams who worked on the 23 projects for December 2021 and the 6 projects for January 2022!

 

SANDRO

  • China – Shenzhen Baoan Airport Satellite (unisex)
  • China – Shenzhen MixC Foresee (unisex)
  • China – Shanghai IFC 2 (women)
  • China – Beijing Badaling Outlet 2 (unisex)
  • China – Nanjing Golden Eagle Hexi (unisex)
  • Russia – Paveletskaya Plaza Shopping Mall (unisex)
  • Vietnam – Hanoi Trang Tien (women outlet)
  • Korea – Lotte Main Séoul (men & unisex renovations)
  • Lebanon  – Dbayeh Beirut (women renovation)
  • Taiwan – Taichung SKM (women renovation)

 

MAJE

  • Spain – AFF Santander
  • Belgium– Anvers
  • China – Shenzhen MixC Foresee
  • China – Beijing Badaling Outlet 2
  • Russia – Paveletskaya Plaza Shopping Mall
  • Vietnam – Hanoi Trang Tien (outlet)
  • Korea – Lotte Main Séoul (renovation)
  • Lebanon – Dbayeh Beirut (renovation)
  • Taiwan – Taichung SKM (renovation)

 

CLAUDIE PIERLOT

  • France – BHV Marais (corner renovation)
  • France – Annecy (corner renovation)
  • Portugal – Lisboa Liberdade
  • Korea – Lotte Main Seoul (renovation)
  • Hong-Kong – HK Harbour City

 

FURSAC

  • Belgium – Anvers
  • Switzerland – Geneva