The Douglas Group, through its subsidiary AI Perfume France SAS, successfully completes the acquisition of French perfumery chain Nocibé.
This acquisition creates the leading nationwide perfume and cosmetics retail network in France, with almost 600 stores. The new combined entity will create the second largest business in terms of turnover in this sector in France. Douglas thus significantly strengthens its position as a leading perfume and cosmetics retailer across Europe. “The two chains ideally complement one another, offering consumers a significantly enlarged range of perfumes and cosmetics products, an attractive private label range, and extended beauty services,” says the company in a release.
The transaction received approval from the French antitrust authorities on June 4, 2014, provided that Douglas sells 38 Nocibé’s points of sales.