DOUGLAS HOLDING is a leading European retail conglomerate
In December 2012, Beauty Holding Three AG, a holding company indirectly held by funds advised by Advent International and the Kreke Family, acquired DOUGLAS HOLDING AG. The holding company today holds more than 96% of the shares and has initiated a squeeze-out of minority shareholders against payment of a cash compensation in order to acquire all shares in DOUGLAS HOLDING AG.
DOUGLAS HOLDING is a leading European multi-channel retail conglomerate consisting of five independent retail formats – Douglas Perfumeries, Thalia Bookstores, Christ Jewellery stores, AppelrathCüpper Fashion stores and Hussel Confectioneries. The Group has more than 20,000 employees and operates over 1,900 stores across 18 countries.
Advent and the Kreke Family will work alongside the management with a focus on creating sustainable future growth, expanding both domestically and abroad as well as accelerating the integration of innovative cross-channel sales concepts. The book business will undergo a strategic repositioning to help support its future growth.