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By
AFP
Translated by
Nicola Mira
Published
Sep 26, 2019
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Sofina buys 45.13% stake in French natural cosmetics brand Nuxe

By
AFP
Translated by
Nicola Mira
Published
Sep 26, 2019

On Thursday, French natural cosmetics group Nuxe announced that Belgian holding company Sofina has acquired a 45.13% stake in its capital.


Sofina has acquired a significant interest in Nuxe - Nuxe


“The acquisition of a stake [in Nuxe] is consistent with our strategy of investing in thriving companies, choosing partners that are ambitious and also share our values,” said Edward Koopman, a member of Sofina’s executive committee. Aliza Jabès retains her position as president of Nuxe, and holds the remaining share of its capital.

The stock was sold by other members of the Jabès family, which helped found Nuxe in 1988, with the acquisition of a Parisian cosmetics laboratory.

In the last few years, Nuxe has been growing vigorously. It currently employs a staff of several hundred people and is present in 60 countries.

In 2018, Nuxe generated a worldwide revenue of €275 million, and its sales have grown by 9% since the start of 2019.

Sofina is listed on the Brussels stock exchange. It specialises in long-term investments as minority shareholder, chiefly in the consumer goods and services, digital transformation, education and healthcare sectors.
 

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