It has been announced today that the voluntary public takeover bid for Douglas Holding AG has been successful. The bid has been made by Beauty Holding Three AG, a holding company indirectly held by a fund advised by Advent International.
Dr Henning Kreke, president and ceo of Douglas Holding AG comments: “I am delighted that the takeover bid has been successful. Both in my role as president and as ceo of Douglas Holding AG, and as representative of the Kreke family, I am convinced that this is an important and positive step for our company’s continued strategic development.
"Together with our employees and our new partner we want to build on the success story of the Douglas Group.”