French fashion group SMCP has initiated the sale of up to 51.2% of its share capital, potentially resolving years of shareholder instability. The move follows the August 2025 return of a 15.5% stake to Luxembourg-based European Topsoho after legal disputes with former shareholder Shandong Ruyi. A Luxembourg court authorized the November 21 sale, including the 15.5% ETS stake, 28% held by creditor Glas, and 8% retained by ETS. A successful sale grants 50.7% voting rights and full control. SMCP reported 1.212 billion euros ($1.33 billion) revenue in 2024, with first nine months 2025 sales reaching 896 million euros ($984 million), up 2.8% YoY.