French fashion group SMCP's bondholders expect initial bids for their stake by mid-May

French fashion group SMCP's bondholders expect initial bids for their stake by mid-May

FILE PHOTO: The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai/File Photo

Bondholders in French fashion group SMCP, the owner of labels such as Sandro and Maje, are expecting first-round, non-binding bids for their 37% stake in the company by mid-May, said two people with knowledge of the transaction.

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