The Bogart Group reported revenue of EUR 114.7 million in the first half of 2026, down 7.4% at current exchange rates and 5.3% on a like-for-like basis.

Bogart attributed the decline to an unfavorable economic and geopolitical environment that continues to weigh on consumer spending, particularly in its retail business, where the group is also pursuing an ongoing network reorganization. The group nevertheless highlighted the resilience of its fragrances and cosmetics business, which posted slight growth on a like-for-like basis, supported by sustained momentum in product launches.

The Bogart Beauty Fragrances & Cosmetics division, which encompasses the development of the group’s brands and licenses — including Aholic, Carven, Chevignon, Jacques Bogart, Rose et Marius, Méthode Jeanne Piaubert and Stendhal — generated EUR 21.6 million in revenue in the first half of 2026, compared with EUR 22.4 million a year earlier. On a like-for-like basis, revenue increased by 0.4%.

Bogart Beauty Retail generated EUR 93.1 million in revenue during the first half, down 7.1%.

The decline reflects the impact of store closures carried out in 2025, as well as the continued reorganization of the group’s retail network during the first half of 2026. In France, 16 of the 17 stores targeted for closure as part of the reorganization were shut down during the period. The group also recorded six net closures in Belgium and four in Germany. While the network rationalization is weighing on revenue in the short term, Bogart expects the reduction in its store base to improve operational efficiency and network profitability.

The group expects the measures implemented during the first half to begin contributing to profitability from the second half of 2026, with a more significant impact anticipated in 2027.

For the second half of the year, Bogart expects continued growth in its Beauty Fragrances & Cosmetics business, supported by new product launches and the expansion of its partner network, notably through the addition of German perfumery chain Parfümerie Pieper.

The group also points to the resilience of its premium lines and plans to continue its strategy of premiumization.

Finally, Bogart said that exclusive negotiations between David Konckier, its reference shareholder, and the owners of Marionnaud remain ongoing. If completed, the acquisition of the Marionnaud network could, according to the group, “provide a new growth driver for the group’s brands.”