on JACQUES BOGART (EPA:JBOG)
BOGART's Stakeholder to Acquire German Fragrance Retailer Stadtparfümerie Pieper
The Konckier family, a primary shareholder of BOGART, has entered an agreement to acquire Stadtparfümerie Pieper. This German company, established in 1931, is a prominent name in the selective fragrance retail sector, operating 110 stores and participating in the Beauty Alliance group.
This acquisition is a part of a self-administered restructuring process. The transaction's completion hinges on standard closing conditions and regulatory approvals. Upon completion, BOGART plans to distribute its products through Parfümerie Pieper's network, positioning the German entity as a potential strategic partner for its Fragrances & Cosmetics division. The company will provide updates regarding the transaction's progress.
R. P.
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