Bogart is accelerating towards their goal to build the fourth-largest selective distribution network in Europe with the acquisition on 8 October 2021 of [FAnn, the leading selective beauty chain in Slovakia->https://www.premiumbeautynews.com/en/bogart-to-set-up-the-fourth,19132].
The transaction, which is subject to approval by anti-trust authorities, is financed through a bank loan. The impact on the group’s debt will not be substantial. Bogart will provide its know-how as a perfumer-retailer of selective fragrances and will leverage its management expertise in an international environment.
After announcing a deal to acquire 38 Nocibé stores in France on 1 October, Bogart is stepping up the expansion of its own-brand distribution network. Slovakia becomes the group’s seventh location after France, Germany, Belgium, Luxembourg, Israel, and the United Arab Emirates.