BERLIN — Douglas AG expects to be back on the stock market this year, it said today.
A listing of existing shares and a capital increase of close to 70 million euros, or $76.4 million at current exchange, is being prepared, according to the company.
Douglas, which also owns the French Nocibé chain, is one of Europe’s largest perfumery groups, operating around 1,700 doors in 19 countries.
This is the latest news in a busy season for Hagen, German-based perfumery chain. In April, it was announced that Douglas was up for sale, with a deal expected possibly by midsummer. The company is valued at more than 3 billion euros, or $3.27 billion.
Douglas was removed from the stock market in 2013 after Advent International acquired an 80 percent stake in the business.
The founding Kreke family, which currently holds a 20 percent stake in Douglas, had long been displeased with the stock’s reaction to its quarterly financial results, which are at times strongly affected by seasonal buying patterns.