German Economy Online: +++ News to stock market and economy +++: Perfumery chain Douglas prepares …

Updated on Friday, 05.29.2015, 13:37

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The largest perfumery chain in the world will once again onto the trading floor. Later this year, will the Douglas-owner – a holding of funds that are advised by the investor Advent – offer shares on the capital market

Live from the floor of the Frankfurt. Exchange

New worries about Athens – Dax loses 150 points

10.15 Clock: The German stock index (DAX) ended on Friday shortly after the kick-off trade is plummeting. At 10:15 clock the barometer recorded already 150 points in the red at only 11,512 points.

Furthermore, no solution distinguishes itself from the dispute between the bankrupt threatened Greece and its funders and now also includes the head of the International Monetary Fund (IMF ), Christine Lagarde, a Greek euro exit no longer sufficient. Negotiations on the Athens reform package will continue over the weekend.

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perfumery chain Douglas prepares for IPO

09.12 Clock: The perfumery chain Douglas ventures out again onto the trading floor. Later this year, will the Douglas-owner – a holding of funds that are advised by the investor Advent – offer shares on the capital market, the company said on Friday. The owner family Kreke, which currently holds a minority stake, would continue to be shareholders.

Douglas claims to a market share of 17 percent, the largest perfumery chain in Europe. In fiscal year 2013/2014, the company made a turnover of around 2.5 billion euros. The Douglas Holding, which included besides the Perfumery also other companies, had already once been listed on the stock market, but he retired in 2013.

When details will be announced at the IPO, a Douglas spokesman said no initially. But they want to “work press ahead.” Recently there had been repeated sale rumors.

Animation: like turning the interest rate screw acts

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