Announced
Completed
Financials
Sources
Tags
manufacturing
apparel
Clothing and Accessories
France
Public
Acquisition
Completed
Friendly
Private Equity
Synopsis
Shandong Ruyi Technology Group, a textile manufacturer, has completed the acquisition of a controlling stake in SMCP, a France-based global designer, distributor and retailer of accessible luxury apparel, from KKR, a leading global investment firm. Financial terms were not disclosed. "We have been highly impressed by the success of Sandro, Maje, and Claudie Pierlot and hold great respect for the founders and management of SMCP both for their passion and their achievement." Yafu Qiu, Shandong Ruyi Group President.
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