Perfumery chain Douglas seeks new owner

Perfumery chain Douglas seeks new owner

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.

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