SMCP announces forced return of illegally transferred 15.5% stake
By AFP Published August 13, 2025 The 15.5% stake in SMCP (Sandro, Maje, Claudie Pierlot and Fursac) that had been improperly transferred to a trust in the British Virgin Islands by its Chinese shareholder, who defaulted in 2021, has now been returned to the Luxembourg holding company that held it, management said on Monday. Sandro…