Key Takeaways:

• Bogart Group announced the sale of 100% of its Israeli subsidiary. 
• This transaction will help strengthen the Group’s financial structure. 
• The deal is part of a wider review of its international operations.

The French beauty retailer continues to optimize its international operations.

WHO: April Cosmetics and Perfumes Store Chain Ltd is a subsidiary of Bogart in Israel. The group has 47 stores across the country.

Founded in 1975, Bogart Group 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: The transaction is part of a broader review of the Group’s foreign subsidiaries and the management of its equity investments. It also aims to increase cash in Bogart SA and support the appropriate allocation of financial resources within the Group.

DETAILS:

• Jacques Bogart International B.V., a wholly owned subsidiary of Bogart SA, sold 100% of the shares it holds in April Cosmetics and Perfumes Store Chain Ltd in Israel to April Holding D.K. Ltd, owned by David Konckier (Chairman, CEO, and principal shareholder of Bogart).
• The transaction values the Israeli business at approximately €10 million before deducting net financial debt, resulting in a sale price of €5.8 million.
• April Ltd operates in Israel through 47 stores and generated revenue of €36.7 million (approximately 13.9% of Bogart SA’s...