BERLIN — Douglas Group, which holds Douglas Perfumeries and retailers of books, apparel and jewelry, has sold off its confectionery arm Hussel to Emeram Capital Partners. Details of the Thursday transaction were not disclosed.
According to Douglas, Munich-based Emeram intends to expand Hussel with more stores nationally and internationally, as well as a stronger online offering. The candy chain currently consists of 219 doors in Germany and Austria, and 29 in Portugal.
In February, Hagen, Germany-based Douglas Group finalized its purchase of the French Nocibé perfumery chain. The union of Douglas and Nocibé will represent the largest perfumery chain in France in terms of its 625 doors, and the second largest in terms of sales.
In its most recent financial reports, Douglas Holding, the parent company of Douglas Group, registered net sales of 3.5 billion euros, or $4.59 billion at average exchange, for its fiscal year, ended Sept. 30. Douglas Group has been in the hands of Advent International and the founding Kreke family since May 2013.