DGAP-Adhoc

DOUGLAS acquires Limoni and La Gardenia to become a leading player in the Italian beauty sector - Seite 2

"Douglas and LLG are a perfect match thanks to their personnel's dedication and commitment to satisfy customers' needs. Amongst others Douglas will contribute its own products from its successful 'Douglas Collection' range as well as considerable online expertise. Together, we will be able to offer attractive assortments both offline and online, introduce innovative omni-channel solutions and thus accelerate the e-commerce business that LLG has just started", explained Isabelle Parize.


Dr. Henning Kreke, Chairman of the Supervisory Board of Douglas, said: "The acquisition of LLG is an important step in our ambition to expand the reach of Douglas across Europe and particularly in the Italian market. We are delighted that we can combine two of the leading beauty specialists in Italy under the roof of Douglas. We have always strived to assert and expand our position as a pioneer in the industry - and we have done so to a remarkable extent over the past several months."


Fabio Pampani, CEO of LLG, said: "With Douglas, we have found the ideal partner for LLG. Becoming part of this industry-leading player in Europe will provide us with the financial and operational resources needed to further develop our business and meet today's customer needs."


Closing of the transaction is subject to customary conditions including merger control approval, and the company is considering an incremental term loan financing to fund a portion of the transaction. Beyond this, the companies have agreed not to disclose financial details.

---

17-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---

Language:	English
Company:	Kirk Beauty One GmbH
	Kabeler Strasse 4
	58099 Hagen
	Germany
ISIN:	XS1251078694, XS1251078777
WKN:	A161MW, A13SH1
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Open Market in Frankfurt; Dublin

End of Announcement	DGAP News Service

574791  17-May-2017 CET/CEST