SMCP Appoints Christophe Cuvillier as Chairman – WWD

PARIS – SMCP revealed on Monday that Christophe Cuvillier has been appointed chairman of the company’s board of directors, after firing five members representing the former majority owner of European TopSoho on Friday.

Three new independent directors were appointed to the board at last week’s shareholder meeting, which came after the Paris Commercial Court ruled against a request by European TopSoho, a subsidiary of Shandong Ruyi whose Luxembourg-based, previously owned a 53% stake in accessible luxury goods in France. group, let it be postponed.

Cuvillier, a seasoned executive and former Unibail executive Rodamco Westfield, is named for SMCP board of directors last June as an independent administrator.

His appointment comes as GLAS is expected to sell its 29% stake in SMCP, which it acquired in September after TopSoho Europe defaulted on bonds worth €250 million.

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