Brief: Jacques Bogart To Acquire Distriplus Group in Belgium

Bogart SA

12/10/2018 07:14

Oct 12 (Reuters) - JACQUES BOGART SA  JBOG.PA :
    * RAMPS UP ITS VERTICAL INTEGRATION STRATEGY THROUGH ITS
PLAN TO
ACQUIRE A KEY FRAGRANCE AND COSMETICS RETAILER IN BELGIUM
    * 200 NEW POINTS OF SALE UNDER TWO BRANDS, PLANET PARFUM AND
DI
    * ALMOST €200 MILLION IN ADDITIONAL TURNOVER, WHICH WILL SEE
THE
BOGART GROUP MORE THAN DOUBLE IN SIZE (2.5X)
    * SIGNIFICANT GROWTH EXPECTED TO BE DRIVEN BY THE VIRTUOUS
INTEGRATION STRATEGY OF BOGART GROUP BRANDS IN THE NETWORK
    * ACQUISITION WILL PROVIDE STRONG COMMERCIAL SYNERGIES FOR
THE
DISTRIBUTION BUSINESS
    * ANNOUNCES THE SIGNING OF AN AGREEMENT TO ACQUIRE THE
ENTIRE
SHARE CAPITAL OF THE DISTRIPLUS GROUP
    * DEFINITIVE TERMS OF TRANSACTION WILL BE PUBLISHED UPON
CLOSING
OF THE ACQUISITION, TO TAKE PLACE WITHIN THE NEXT FEW WEEKS

Source text for Eikon:  ID:nACT55497 
Further company coverage:  JBOG.PA 

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