Court Ruling SMCP: Strategic Power Shift in Shareholding Conflict
Singapore, vrijdag, 4 juli 2025.
The Singapore High Court has made a crucial decision in the legal battle surrounding SMCP’s share capital. Dynamic Treasure Group (DTG) is compelled to return 15.5% of shares to European Topsoho (ETS), potentially dramatically changing the ownership structure of the luxury fashion group. This ruling follows a four-year conflict between the former Chinese owner’s family and creditors. GLAS, the creditors’ trustee, can now potentially control around 53% of the shares, which could open the way for a strategic repositioning or even sale of the company.
Legal Background of the Conflict
The Singapore High Court ruling marks a crucial phase in a four-year legal battle around SMCP’s share capital. The court has ordered Dynamic Treasure Group Ltd (DTG) to return the 15.5% share stake to European Topsoho S.à r.l. (ETS) within one week, which could cause a significant shift in the ownership structure [1][2].
Potential Consequences for Shareholding
Through this ruling, GLAS, the trustee for ETS’ creditors, will now potentially control 52.5 = 52.5% of the shares. This opens possible perspectives for a strategic repositioning or potential sale of the company [3][4].
Market Reaction and Company Perspective
SMCP’s share price reacted positively to this development, rising more than 3% on the Paris stock exchange. The company, which represents four Parisian brands - Sandro, Maje, Claudie Pierlot, and Fursac - will continue to keep the market informed of further developments [2][5].