Key Takeaways:
- The 110-store German retailer was purchased during a self-administered restructuring process.
- Founded in 1931, Stadtparfümerie Pieper is a well-established beauty retailer operating a network of 110 stores.
- The acquisition by the Konckier family aligns with Bogart’s broader strategy to grow its presence in the European fragrance retail sector.
The Konckier family, reference shareholders of the French Bogart Group, acquired 100% of the German perfumery chain Stadtparfümerie Pieper.
WHO: Founded in 1931 by Anna Pieper and her son Gerhard as a small soap shop in Bochum, Parfümerie Pieper operates an e-commerce shop and physical stores across Germany. Dr. Oliver Pieper and Torsten Pieper led the family business into its fourth generation. The retailer has more than 110 locations with a wide range of top international brands, including Chanel, Estée Lauder, and Lancôme.
Founded in 1975, Bogart is an independent French family-owned group listed on Euronext Paris specializing in designing, producing, and distributing perfumes and cosmetics. Its activities are grouped into two divisions: Bogart Fragrances & Cosmetics, with a portfolio of owned and licensed brands of perfumes, skincare, makeup, and haircare products; and Bogart Beauty Retail, with its 450+ selective perfumeries and drugstores.
WHY: In November 2024, Parfümerie Pieper entered into self-administered restructuring. The acquisition furthers Bogart Group's ambition to build Europe's fourth-largest perfumery network.
IN THEIR OWN WORDS: “The signing of this agreement marks a significant milestone. Pieper is a well-established company with deep market roots and a strong operational foundation.
