Sandro And Maje Headed For IPO

One of Britain's favourite adopted labels, French brand Sandro, is going public. Private equity giant Kohlberg Kravis Roberts & Co - the owner of SMCP, which operates Sandro as well as Maje and Claudie Pierlot - intends to list the group on the Euronext stock exchange in the coming months.

"We are happy to register today our document de base with the AMF, which represents the first preliminary step toward a potential IPO," Daniel Lalonde, SMCP president and chief executive officer, toldWWD.

The company announced this week that its revenues had risen 33 per cent in 2015, with sales also up 11 per cent across the business, following an already strong 2014, during which sales grew 20 per cent. This year's figures mark the company's fifth consecutive year of growth, making it more attractive than ever to potential shareholders.

SMCP, which often places its Sandro and Maje stores side by side on key shopping streets, operated more than 1,100 stores in 33 countries by the end of last year.