Douglas to Acquire S.A. Lavigne

BERLIN — Douglas Perfumeries is quadrupling its number of doors in France.

The German beauty retailer has agreed to acquire the French perfumery group S.A. Lavigne, effective July 1. Terms of the deal were not disclosed.

The Lavigne Group operates 150 Elytis perfumeries in France, 35 of which are company-owned doors and 115 of which are franchise shops. Net sales for the group last year reached 52 million euros, or $70 million at average exchange rates.

Douglas has 55 perfumeries in France, which generated sales of about 77 million euros, or $93 million, during the fiscal year ended Sept. 30.

Douglas said the Elytis store network complements its presence in France, with “virtually no duplication or overlapping.” The Elytis stores will successively assume the Douglas name, though a time frame has not been set for the changeover.

With 800 doors, Douglas Perfumeries have a presence in 17 countries. In fiscal 2003-2004, the chain posted net sales of 1.3 billion euros, or about $1.57 billion.
— Melissa Drier

Laura Ashley vs. L’Oréal

LONDON — U.K. retailer Laura Ashley is seeking approximately 28 million British pounds, or $51.1 million at current exchange rates, in compensation from L’Oréal, following the 2002 termination by L’Oréal of a 20-year licensing agreement allowing L’Oréal to manufacture Ashley perfumes and toiletries, which Ashley granted in 1996. L’Oréal terminated the license following a dispute between the two companies. During an initial tribunal in October at the International Chamber of Commerce in Paris, the body ruled in favor of Laura Ashley, finding L’Oréal’s purported termination of the license to be invalid. The second phase of the tribunal is due to be heard in 2006, when costs and compensation will be decided.
— Nina Jones

Inter Parfums’ Madar Honored

NEW YORK — Jean Madar, chairman, chief executive officer and co-founder of New York-based Inter Parfums Inc., has been named Ernst & Young’s Metropolitan New York Entrepreneur of the Year — for the second time.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus