SMCP in exclusive negotiations to acquire De Fursac, a French leader in men’s accessible luxury, poised for international expansion.
- Contemplated acquisition of 100% of De Fursac
- Accelerating SMCP’s strategic roadmap by reinforcing menswear, one of the most attractive markets in ready-to-wear
- Entering a new segment in men’s accessible luxury
- Leveraging SMCP’s international & digital expertise to accelerate De Fursac’s successful growth trajectory
- Positive impact on EPS from 2019 on a full year basis
- 100% debt-financed acquisition, with full financing already in place
« Today’s announcement is an exciting new chapter for SMCP. With De Fursac in our Group, we have a unique opportunity to accelerate our strategy, by tapping into a new segment in the fast-growing men’s accessible luxury market. De Fursac is an outstanding brand, poised for growth through international expansion, with the support of our expertise. We look forward to working with the talented teams of De Fursac, on our journey to become the global leader of accessible luxury and to continuing to create value for our shareholders. »