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Industry news

Swiss company, Art & Fragrance, announced last month that it has acquired the French luxury goods company Lalique S.A. from the Pochet group for EUR 44 million. With the acquisition, Art & Fragrance aims to significantly boost growth, make headway in the prestige segment with its perfume brand portfolio and expand its activities in the luxury goods sector.

The acquisition of Lalique S.A by Art & Fragrance S.A has been signed and closed today. The EUR 44 million transaction has been financed by cash reserves from Art & Fragrance worth EUR 16 million, a EUR 12.5 million subordinated shareholder loan from majority shareholder and Chairman Silvio Denz and debt capital worth EUR 15.5 million. Lalique will be integrated as a legally independent subsidiary of Art & Fragrance.

Silvio Denz, Chairman of the Boards of Directors of Art & Fragrance and now also of Lalique: "I am very pleased about the acquisition of Lalique with its loyal, highly qualified staff. Art & Fragrance will be an active, committed owner. Lalique is set to quickly achieve attractive profits thanks to sustainable investments and a consistent business approach. I firmly believe that Lalique will greatly profit from our competences in global brand management, substantial potential synergies and our proven track record
and wealth of experience".

Roger von der Weid, CEO of Art & Fragrance: "The long-established company Lalique was an ideal opportunity under our declared strategy of pursuing growth through acquisitions. Our acquisition of this unique global brand has enabled us to significantly expand our perfume portfolio and move into the coveted prestige perfume segment. We have also extended our activities into new areas within the luxury goods sector. The acquisition is a quantum leap forward for the development of Art & Fragrance, a great challenge and an opportunity to prove our potential."

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