Douglas AG wants to head to the stock exchange again

Douglas AG wants to head to the stock exchange again

German perfume chain Douglas wants to launch an IPO later this year, three years after it was taken off the stock exchange when American Advent International acquired the company.

Founders remain involved

When Douglas launches its IPO, its Advent shares will go on sale, with another 70 million euros' worth of shares. The Kreke family, founders of the company, will remain involved in its future endeavours, but it is unclear how many shares the family will keep.

 

In the period since its stock exchange removal, it bought the French Nocibe chain and sold the Christ jewelry chain to 3i Group. The Kreke family currently has some 20 % of all shares.

 

"Since our de-listing, we’ve successfully transformed from a diversified retailing group operating mainly in Germany into an international chain focused on perfumes", CEO Henning Kreke said.

Questions or comments? Please feel free to contact the editors


Zalando ventures into make-up with physical store

18/10/2017

Fashion web shop Zalando is to start selling beauty products in Germany and in order to better present those products, it will open a physical beauty store in Berlin. Last quarter, Zalando came close to a 30 % turnover growth.

Dollar Shave Club ready for Europe

10/10/2017

The Dollar Shave Club will arrive on European shores next year. The razor blade subscription service, owned by Unilever, has long since been a success in the United States.

Unilever interested in Estée Lauder

25/08/2017

Increasing rumours say that cosmetics company Estée Lauder may be up for sale and that there are a number of interested parties, including L’Oréal and Unilever.

Sephora launches smaller store formula

24/07/2017

Cosmetics manufacturer Sephora launched a smaller store formula in the United States. Up until now, it had focused on large stores, but has now turned its attention to smaller stores.

Brazilian takeover of The Body Shop confirmed

29/06/2017

L’Oréal has officially confirmed the sale of its British subsidiary The Body Shop to Brazilian Natura Cosméticos. The deal was signed this week, is estimated to be worth 1 billion euro and should be finalized before the end of the year.

AS Watson wants to acquire Holland & Barrett

22/06/2017

AS Watson, Kruidvat’s parent company, has entered negotiations to acquire Holland & Barrett. It is apparently willing to pay one billion pounds (1.15 billion euro).

Back to top