87 176
Fashion Jobs
SPECIALIZED
Brand Development Manager - Michigan
Permanent · LANSING
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
NEIMAN MARCUS
Sales Professional, Beauty
Permanent · NEW YORK
TIFFANY & CO
Manager, HR Business Partner
Permanent · NEW YORK
URBN
Security Officer (Monday-Thursday; Overnight Shift)
Permanent · LEVITTOWN
AMERICAN EAGLE OUTFITTERS
ae - Market Visual Leader - us
Permanent · MCLEAN
CROCS
Supervisor, Distribution Center - 1st Shift
Permanent · LAS VEGAS
NEWELL
Associate Brand Manager, Coleman
Permanent · ATLANTA
By
Reuters
Published
Apr 2, 2015
Download
Download the article
Print
Text size

Advent seeking buyers for Douglas perfume retailer

By
Reuters
Published
Apr 2, 2015

U.S. private equity firm Advent International is planning to put on the market its 80 percent stake in perfume and cosmetics retailer Douglas, the head of its French unit Nocibe said on Thursday, confirming a previous Reuters report.

"The Advent fund came in 2002 and wants to get out today," Nocibe head Isabelle Parize said at a news conference.

douglas

"Three options are available: either an initial public offering, a sale to another fund or a sale to another industry player."

In early March, sources familiar with the deal said Advent had appointed JPMorgan and Goldman Sachs to organise a sale or a listing.

They said they expected Douglas to post 2015 earnings before interest, taxes, depreciation, and amortisation (EBITDA) of roughly 300 million euros ($325.65 million) on sales of about 2.5 billion euros.

The sources said they expected Douglas' valuation to be much higher than when it was previously listed as it was now a dedicated perfumes group rather than a conglomerate.

Parize said Douglas hoped to be valued at more than 10 times EBITDA and that Advent aimed to complete the sale by the summer.

€1 = $1.09/£0.73

© Thomson Reuters 2024 All rights reserved.