DGAP-Ad-hoc: Douglas GmbH / Key word(s): Acquisition
DOUGLAS acquires up to 103 stores from Perfumerias If to become the No. 1
perfumery chain in Spain
27-Jul-2017 / 11:00 CET/CEST
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Düsseldorf/Madrid, 27 July 2017. Douglas, a leading retailer in the European
beauty sector, takes another major step to strengthen its operations in
Spain. The company today signed an agreement to take over a portfolio of up
to 103 stores and the e-commerce platform of Perfumerias If from Spanish
retail group Eroski. With a strong footprint in the attractive Northern
area, Perfumerias If is one of the leading perfumery and cosmetics chains in
the country. Earlier in July, Douglas successfully completed the acquisition
of Grupo Bodybell with 223 stores in Spain.
"This acquisition means yet another boost for our market position in this
highly attractive region. By integrating the Perfumerias If stores, Douglas
will clearly become the new No. 1 for beauty and cosmetics in Spain", said
Isabelle Parize, CEO of Douglas. "The store network of Perfumerias If in the
economically strong Basque region is an ideal addition to our combined
Douglas and Bodybell businesses with virtually no overlap to our existing
portfolio. We are all looking forward to welcoming our new colleagues to
Douglas."
Today's announcement already is the third major acquisition by Douglas
within only a few months. Besides the acquisition of Bodybell in Spain,
Douglas most recently announced to take over the two leading perfumery
chains Limoni and La Gardenia in Italy. By this, Douglas consistently and
successfully pursues its strategy to strengthen its international business
to become the No. 1 or a strong No. 2 in every market it serves. After
completion of the three transactions, Douglas will operate more than 2,400
perfumeries in 19 European countries, combined with a network of fast
growing online shops.
Closing of the transaction is subject to customary conditions including
merger control approval. The transaction is being financed via the
additional EUR300 million term loan extension secured in June and the
existing liquid funds. Beyond this, Douglas and Eroski have agreed not to
disclose financial details of the transaction.
27-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Douglas GmbH
Luise-Rainer-Str. 7-11
40235 Düsseldorf
Germany
ISIN: XS1251078009, XS1251077373
WKN: A161MW, A161W3
Listed: Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich,
Stuttgart; Open Market in Frankfurt; Dublin
End of Announcement DGAP News Service
596061 27-Jul-2017 CET/CEST
(END) Dow Jones Newswires
July 27, 2017 05:00 ET (09:00 GMT)
