9 Jun 2022 11:38

France's Philippe Benacin Holding buys Ukraine's Brocard perfume and cosmetics chain - RAU

MOSCOW. June 9 (Interfax) - France's Philippe Benacin Holding has acquired the companies of the Brocard Ukrainian chain of perfume and cosmetics stores and the Hexagone beauty products distributor, the Ukrainian media said, citing the Association of Retailers of Ukraine (RAU).

The French holding finalized the deal to buy Brocard Ukraine LLC and Hexagone LLC on May 23, 2022, RAU said.

Brocard Ukraine had been owned by an off-shore Cypriot holding with Russian owners since 2010, while the beneficiary of the Brocard Ukraine and Hexagone companies was Tatyana Volodina, the owner of Russia's L'Etoile chain of perfume and make-up stores.

The new owner of Brocard Ukraine intends to further develop the company's retail business, the chain said in an email to its partner companies. The text of the email has been shared with RAU.

The Brocard chain had around 100 stores in 26 Ukrainian cities at the beginning of 2022, employing 1,800 people. The company estimated its turnover in 2020 at 4.126 billion hryvni.

The Philippe Benacin Holding founder Philippe Benacin is also a co-owner of the Interparfums company, which develops, manufactures and distributes perfume and cosmetics products.