By  on July 27, 2017

PARIS — Douglas is making further inroads in Spain. The German beauty retailer said on Thursday that it is acquiring up to 103 stores and the e-commerce activity of Perfumerias If from Eroski, the Spanish retail group.

The amount Douglas is paying for the operation was not disclosed, but the Düsseldorf, Germany-based company said the deal is being financed by an additional 300-million-euro term loan extension that was secured in June, as well as existing liquid funds.

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