Around 100 “senior executives and managers” of fashion group SMCP (Sandro, Maje, Claudie Pierlot), including founders Evelyne and Ilan Chétrite and Judith Milgrom, are now holding a 10.3% stake in the group following a preferred shares conversion, according to a press release issued on Friday.
Between 2016 and 2017, SMCP, which also owns menswear label Fursac, “exceptionally issued” nearly 1.3 million “preferred shares” with a nominal value of €1.10 each, to 98 of the group’s senior executives and managers, as the group has stated in a press release.
Among the beneficiaries were Evelyne and Ilan Chétrite, and Judith Milgrom, the group’s “founders and managing directors.”
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