Sandro, Maje, Claudie Pierlot and Fursac parent company SMCP signed distribution deals with Map Group in Indonesia and SSI Group in the Philippines as it expands further into Southeast Asia.
Expansion into the new territories comes as the French conglomerate seeks to steady itself after consecutive quarters of flat or declining sales.
The move signals the group’s continuing efforts to revise its fortunes in Asia-Pacific. Sales in the region fell 19.9 percent in theShe emphasized that SMCP would refocus on more dynamic markets in Southeast Asia to boost the company’s prospects. The company has a five-year plan to open existing stores in prestigious shopping malls in both countries, it said.
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