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SMCP's Controlling Shareholder Defaults on Bonds.

  • Periodical
  • FN: Footwear News. 9/24/2021, p6-6. 1/3p.
  • European TopSoho, which owns 53percent of SMCP's share capital, nowhas until Sept. 30 to remedy the default,according to the statement from SMCP. BUSINESS * The accessible luxury playercould potentially fall into the hands of creditors PARIS -- SMCP's controlling shareholderhas defaulted, potentially meaning theFrench accessible luxury player could fallinto the hands of creditors. [Extracted from the article]
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