CK Hutchison eyes sale of European cosmetics retailer Marionnaud to David Konckier-founded firm
CK Hutchison eyes sale of European cosmetics retailer Marionnaud to David Konckier-founded firm July 6 (Reuters) - Hong Kong-listed conglomerate CK Hutchison Holdings 0001.HK said on Monday it is contemplating a sale of its European perfumeries and cosmetics retailer Marionnaud to a firm founded by Groupe Bogart JBOG.PA CEO David Konckier.
BEHN, the potential purchaser, is a company established by Konckier, who is also a major shareholder of French perfume seller Bogart.
No financial detail of the deal was disclosed by any of the parties.
Marionnaud will continue as usual with no change to day-to-day operations, CK Hutchison said.
"With more than 700 stores across France, Austria, the Czech Republic, Hungary, Italy, Romania and Switzerland, Marionnaud has been a benchmark in the beauty industry for decades," Bogart separately said in a statement.
(Reporting by Nichiket Sunil in Bengaluru; Editing by Joyjeet Das)
((Nichiket.Sunil@thomsonreuters.com;))
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