Investment company Advent intends to sell its Germany perfumery chain Douglas: interested buyers will be notified in the upcoming weeks.
Goal: 3 billion euro
Advent is covering several bases as it is not only looking for a possible sale. The group is also preparing an IPO, in case no one is interested in buying Douglas, to be completed in the fall.
According to Advent, Douglas will generate a 2.5 - 2.6 billion euro turnover in the current fiscal year (which is until the end of September), while its EBITDA should reach 300 million euro, compared to 270 million euro last year. These numbers back Advent's belief it should be able to get 3 billion euro in a possible transaction.
The investment firm only want to get rid of the perfumery chain Douglas, not of the company with the same name which also contains book chain Thalia and fashion chain Appelrath Cüpper.