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Douglas Tag

25 Mar

Douglas Group Plans for IPO

by Beautifaire101
Beauty, Featured
Douglas Group Plans for IPO
PARIS — Douglas Group said Monday that it plans a public listing on the regulated market of the Frankfurt Stock Exchange as early as March 2024, subject to capital market conditions. The Düsseldorf, Germany-based beauty retailer targets an equity contribution of around 1.1 billion euros, including the targeted IPO primary proceeds and an added equity injection of around 300 million euros from the present shareholders, it said in an announcement.  Group shareholders include Kirk Beauty International SA, the holding company majority owned by funds advised by CVC Capital Partners and the Kreke family. IPOs are heating up within the European beauty market, with Puig and reportedly Galderma mulling public offers. “The proceeds are expected for use to proceed deleveraging the Douglas Group’s balance sheet,” the corporate...
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27 Oct

E.l.f. Cosmetics Steps Up in Italy With Physical Rollout

by Beautifaire101
Beauty, Featured
E.l.f. Cosmetics Steps Up in Italy With Physical Rollout
MILAN — The word “community” popped up often in a conversation with E.l.f.’s chief marketing officer Kory Marchisotto, who touched down here as the sweetness label is expanding its footprint in Italy with the assistance of Douglas. After launching online on the retailer’s platform a couple of years ago, the brand is extending its presence within the country with a physical rollout at 105 stores of the chain’s network. The move was sparked directly by the strong demand from consumers. “It was time for us to offer the community what they were asking for,” said Marchisotto. “At first there was numerous the community that was asking for E.l.f. so we said: ‘OK, let’s put it online.’ E.l.f. is digital native, so for us...
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17 May

Cannes Film Festival Opens With Michael Douglas Honor, Catherine

by Beauty Tips
Fashion, Featured
Cannes Film Festival Opens With Michael Douglas Honor, Catherine
CANNES — The Cannes Film Festival opened with words of each exuberance and reverence, because the festival returned to form while keeping its political viewpoint. “I desired to talk in regards to the unique aspect of cinema and that's that we're all watching together. We're sitting in a single room together, and watching one content,” said jury president Ruben Östlund in his opening remarks. The Swedish director recalled gathering around a TV screen together with his parents as a baby, and joked that the one TV show any nation — or any family — still watches together is the Eurovision Song Contest. “All we're doing is scrolling and alone in our rooms.” Östlund said constant scrolling is causing people to desert critical...
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