Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Douglas Rises as LVMH Said to Express Interest: Frankfurt Mover

Don't Miss Out —
Follow us on:

April 18 (Bloomberg) -- Douglas Holding AG rose the most in more than a month in Frankfurt as LVMH Moet Hennessy Louis Vuitton SA may be prepared to discuss a deal with the German perfume and makeup retailer.

Douglas jumped as much as 3.5 percent to 35.39 euros and traded at 35.34 euros as of 9:22 a.m. LVMH shares fell 1.2 percent to 128.95 euros.

Douglas and LVMH have made preliminary contact, said people with knowledge of the matter, who declined to be identified because the talks are private. There have been no formal discussions because Douglas’s Kreke family would prefer to take the company private and buy out other shareholders with the help of financial investors, they said.

“A strategic buyer makes sense,” said Klaus Kraenzle, an analyst at Silvia Quandt & Cie., in a phone interview. “It would make it easier to restructure the company in a family environment. It’s not clear in what direction Douglas wants to go, but it’s certainly an additional opportunity.”

Talks with BC Partners Holdings Ltd., Apax Partners LLP and Permira Advisers LLP to delist the company have stumbled recently amid doubts about the support of Douglas’s two other biggest shareholders and the performance of the company’s book unit, the people said.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.