SMCP Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Removal of directors linked to former majority owner
Investors acting through GLAS voted to dismiss five board members representing European TopSoho after the bond default and related ownership conflict.
2021
European TopSoho bond default and SMCP ownership dispute
European TopSoho, a Luxembourg entity associated with SMCP’s former majority owner Shandong Ruyi, defaulted on €250 million of bonds. Creditors subsequently took control of a 29% SMCP shareholding, producing a contested change in shareholder influence and board representation.