SMCP (Sandro, Maje, Claudie Pierlot) reports that, on July 12, the British High Court declared invalid the transfer of a 15.9% block of its capital by European TopSoho (ETS) to Dynamic Treasure Group Ltd (DTG) in 2021.

The accessible luxury group states that this court decision was made at the request of GLAS SAS (London Branch) acting as trustee in respect of the exchangeable bonds issued by European TopSoho.

'An order is expected to be made shortly by the judge, seeking to require the return of the 15.9% stake by DTG to ETS, currently in liquidation in Luxembourg', the company adds.

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