Douglas in exclusive talks to buy French perfume chain Nocibe

Reuters

FRANKFURT, Oct 21 (Reuters) - German books to cosmeticsretailer Douglas said on Monday it is in exclusive talks to buyFrench perfumery chain Nocibe, in a deal that would leapfrog itto the number two spot in France.

The transaction is part of plans by Douglas to expand itsperfumeries business, which it sees as having the strongestgrowth prospects within its portfolio of perfumery,confectionary, jewellery and book stores.

With a combined 625 stores and 4,000 employees, the dealwould make Douglas, owned by private equity firm Advent, thesecond largest perfumery chain in France behind LVMH's Sephora in terms of revenue.

It did not provide a price for the deal. Media reports lastweek had suggested a valuation of between 500 million euro and550 million euros ($685-$753 million) for Nocibe.

Nocibe is owned by private equity firm Charterhouse CapitalPartners. Buyout firm LBO France was also reportedly interestedin Nocibe.

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