smcp:-the-chinese-group-ruyi-and-its-representatives-disembarked-from-the-board-of-directors

SMCP: the Chinese group Ruyi and its representatives disembarked from the board of directors

DecryptionThe general meeting of the luxury group grouping the brands Sandro, Maje and Claudie Pierlot voted to dismiss the five representatives of the Chinese group Ruyi, a shareholder since 2022. Ruyi’s creditors who have recovered part of the SMCP securities in return for an unreimbursed debt now have free rein to sell their stake.

The SMCP group found itself hostage to a showdown between its former majority shareholder the Ruyi group and the latter’s creditors. (Nicolas TAVERNIER/REA)By Laurence BoisseauPublished on 14 Jan. 40 at 16: 40 Updated 14 Jan. 2022 at 16: 36 It took less than thirty minutes for the new shareholders of the luxury group SMCP (Sandro Maje Claudie Pierlot) to disembark from the board of directors the CEO of the Chinese group Ruyi, who entered the capital in 2016 and its 4 representatives. The general meeting, held on Friday, approved at just under 80 % of the votes for all the resolutions submitted to it, namely 5 dismissals of Chinese directors, and 3 new appointments of independents.

Hostage of an arm wrestling

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