SMCP Shares Fall After Third-Quarter Sales Decline 2% Organically
SMCP shares fell in opening trading after the French fashion group reported a 2% organic sales decline in the third quarter, led by a sharp drop in its home market.
By Joshua KirbyShares in French fashion group SMCP fell in opening trading after sales declined over the third quarter, led by a sharp drop in the company's home market.The group, which houses high-street labels Sandro, Maje, Claudie and Fursac, said third-quarter sales fell 2% organically compared…