Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. China
  4. Shenzhen Stock Exchange
  5. Shandong Ruyi Woolen Garment Group Co., Ltd.
  6. News
  7. Summary
    002193   CNE1000008G0

SHANDONG RUYI WOOLEN GARMENT GROUP CO., LTD.

(002193)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Banks picked for float of French fashion company behind Sandro, Maje - sources

08/11/2017 | 10:18am EST
The logo of ready-to-wear Sandro brand is seen on a fashion shop storefront in Paris

LONDON (Reuters) - Bank of America Merrill Lynch (>> Bank of America), JP Morgan (>> JP Morgan Chase & Company) and KKR Capital Markets (>> KKR & Co. L.P.) have been chosen as joint global coordinators for the float of fashion company SMCP in Paris, sources familiar with the matter said on Friday.

LONDON (Reuters) - Bank of America Merrill Lynch (>> Bank of America), JP Morgan (>> JP Morgan Chase & Company) and KKR Capital Markets (>> KKR & Co. L.P.) have been chosen as joint global coordinators for the float of fashion company SMCP <IPO-SMCP.PA> in Paris, sources familiar with the matter said on Friday.

The French company behind fashion brands Sandro, Maje and Claudie Pierlot, which is controlled by China's Shandong Ruyi (>> Shandong Jining Ruyi Woolen Textile Co), is expected to list its shares this autumn.

Two different sources said BNP Paribas (>> BNP Paribas) was also picked to be among the syndicate. Shandong Ruyi, Bank of America and KKR did not immediately respond to requests for comment. JP Morgan and BNP Paribas declined to comment.

Sandro, Maje and Claudie Pierlot sell dresses priced at around 200 euros (£182) in France and operate in what is classified as the accessible luxury market. Buoyant demand among the fast-growing middle classes, particularly in countries such as China, has boosted this segment.

The group's earnings before interest, tax, depreciation and amortization (EBITDA) rose 22 percent to 130 million euros in 2016.

Based on the enterprise value to EBITDA multiple of Italy's Moncler (>> Moncler), another fast-growing fashion company, SMCP could be worth around 2 billion euros ($2.4 billion).

The group had more than 1,200 points of sale as of the end of 2016 across Europe, north America, the Middle East and Asia.

In June the company said it was considering a listing in Paris but that Shandong Ruyi would remain the majority shareholder in the long term.

Textile group Shandong Ruyi said on Thursday it planned to sell a stake of up to 1.9 percent in the company before the end of the year.

In 2016, after talks lasting at least six months, Shandong Ruyi bought a majority stake in SMCP from KKR for around 1.3 billion euros including debt, according to sources.

At the time, the Chinese group said the deal would combine the French firm's fashion know-how with its own business network in China, the world's second largest economy.

(Reporting by Dasha Afanasieva; Editing by Adrian Croft and David Holmes)

By Dasha Afanasieva


ę Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -2.27% 43.87 Delayed Quote.44.64%
BNP PARIBAS -0.50% 56.17 Real-time Quote.30.96%
MONCLER S.P.A. -0.58% 65.14 Delayed Quote.29.92%
SHANDONG RUYI WOOLEN GARMENT GROUP CO., LTD. -7.65% 6.64 End-of-day quote.-2.64%
All news about SHANDONG RUYI WOOLEN GARMENT GROUP CO., LTD.
11/11SMCP Still in the Dark as Shareholder Battle Shrouds Future
DJ
11/05SMCP Shareholder Battle Heats Up as Bondholders Challenge Stake Disposal
DJ
10/29SMCP Parent Loses Control as Bond Trustee Takes Stake
DJ
10/28Shandong Ruyi Woolen Garment Group Co., Ltd. Reports Earnings Results for the Nine Mont..
CI
10/27French fashion company SMCP's sales near pre-pandemic levels
RE
10/05SHANDONG RUYI WOOLEN GARMENT : Unit Defaults on $290 Million Convertible Bonds
MT
10/05SMCP S A : shares rise on prospect of ownership change
RE
10/05SMCP Can Look Forward to Renewal as Parent Appears Set to Give Up Control -- Market Tal..
DJ
09/23Unit of SMCP's majority shareholder fails to redeem bonds
RE
09/17SMCP Says it's Safe as Struggling Parent Worries Investors
DJ
More news
Analyst Recommendations on SHANDONG RUYI WOOLEN GARMENT GROUP CO., LTD.
More recommendations
Financials
Sales 2020 786 M 123 M 123 M
Net income 2020 5,09 M 0,80 M 0,80 M
Net Debt 2020 970 M 152 M 152 M
P/E ratio 2020 341x
Yield 2020 0,15%
Capitalization 1 738 M 273 M 273 M
EV / Sales 2019 2,87x
EV / Sales 2020 3,50x
Nbr of Employees 2 479
Free-Float 50,7%
Chart SHANDONG RUYI WOOLEN GARMENT GROUP CO., LTD.
Duration : Period :
Shandong Ruyi Woolen Garment Group Co., Ltd. Technical Analysis Chart | 002193 | CNE1000008G0 | MarketScreener
Technical analysis trends SHANDONG RUYI WOOLEN GARMENT GROUP CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Managers and Directors
Yuan Shu Du General Manager & Director
Yi Ying Zhang Chief Accounting & Financial Officer
Ya Fu Qiu Chairman
Yan Bao Li Chairman-Supervisory Board
Ke Lin Wang Chief Engineer