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Douglas GmbH / Acquisition
DOUGLAS to become a leading perfumery chain in Spain by acquiring Bodybell
16-March-2017 / 19:03 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Düsseldorf/Madrid, March 16, 2017. Douglas, the leading European retailer in
the selective beauty market, significantly expands its operations in Spain.
The company has signed an agreement with a group of financial investors led
by H.I.G. Bayside Capital, the credit affiliate of H.I.G. Capital
('H.I.G.'), about the acquisition of Grupo Bodybell. With more than 200
stores, two online shops and an established logistics platform, Madrid-based
Grupo Bodybell is one of the leading Spanish perfumery chains. The agreement
is subject to a number of conditions, including merger control approval. The
companies have agreed not to disclose financial details of the transaction.
As a result of the planned transaction, the combined group would instantly
become a leading player in the Spanish selective beauty market.
'Strengthening our market position in this country is a decisive step
forward on our way to becoming No. 1 or a strong No. 2 in every market we
serve', said Isabelle Parize, CEO of Douglas. 'The transaction promises
great potential: While Bodybell has 43 years of experience of combining
selective and mass beauty products in the Spanish market, Douglas brings to
the table extensive know-how from its international operations, including
the successful introduction of private labels and innovative omnichannel
solutions.'
Douglas will focus on improving customer experience by transferring proven
concepts from other European markets to Spain. By integrating the online
shops with its brick and mortar business, Douglas will moreover work to
offer innovative omnichannel shopping to the Spanish customers.
Javier Perez de Leza Eguiguren, Board Member of Grupo Bodybell, said: 'The
combined forces of Douglas and Bodybell will certainly provide the new group
with additional resources to develop the business further and ensure an even
better service to customers. Douglas and Bodybell share a joint vision for
the Spanish market, and we are looking forward to growing together in
Spain.'
Contact: Wolfgang Schulte, Head of M&A and Investor Relations, Tel: +49 (0)
211 16847-0, E-Mail: ir@douglas.de [1]
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
Language: English
Company: Douglas GmbH
Hans-Günther-Sohl-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
Category Code: ACQ
TIDM: IRSH
Sequence No.: 3955
End of Announcement EQS News Service
554997 16-March-2017
1: mailto:s.rueter@fraport.de
(END) Dow Jones Newswires
March 16, 2017 14:04 ET (18:04 GMT)
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