CVC to sell off Douglas?

CVC to sell off Douglas?

THE WHAT? CVC Capital Partners is exploring strategic options for German perfumery chain Douglas, according to a report published by Reuters quoting sources close to the matter.

THE DETAILS The private equity firm is said to have drafted in Goldman Sachs to help it sift through the options, which include an IPO or sale.

Reuters reports that any listing would take place in the second half at the earliest. Both Goldman Sachs and CVC Capital Partners declined to comment when contacted by Reuters.

THE WHY? CVC Capital Partners bought a majority stake in Douglas back in 2015 and has since transformed it from a loss-maker into a profitable chain.

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