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 FAnn fragrance and beauty chain is a profitable company founded in 1993 which operates 70 fragrance boutiques and an online store. FAnn distributes the most renowned global beauty brands.
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.