BERLIN — Sales of Douglas Perfumeries increased 2.9 percent to $852 million, or 719 million euros, for the first half of the fiscal year ending in September, Douglas Group said Wednesday. All dollar figures are converted from the euro at current exchange rates.
Douglas did not release second-quarter figures, but based on the group’s first-quarter report, perfumery sales reached $316.4 million, or 267 million euros, for the January-to-March period. Comparable figures for 2003 are not available.
For the first six months ended March 31, sales of the 376 Douglas perfumeries outside of Germany rose 9.2 percent to $329.4 million, or 278 million euros, the company said. Non-German doors now contribute 39 percent of total perfumery sales, compared with 36 percent a year ago. At home, 415 Douglas doors saw sales dip slightly to $522.6 million, or 441 million euros, compared with $526.1 million, or 444 million euros, in the comparable 2003 period. Douglas recently entered the Slovakian and Danish markets, and is now active in 15 countries. — Melissa Drier
P&G to Assume China Operations
NEW YORK — Procter & Gamble will take over its operations in China with a $1.8 billion buyout of Hong Kong-based Hutchinson Whampoa Ltd.’s remaining 20 percent stake in a venture between the two companies. P&G-Hutchinson Ltd., a venture established in 1988, produces and distributes hair and skin care products in China. The transaction is expected to be completed June 18, P&G stated.