Leading Luxury Group attracts interest from Douglas and two private equity firms
Leading Luxury Group (LLG), the owner of the Limoni and La Gardenia perfume brands, has Douglas Holding, the German perfumery group and two private equity firms bidding, Italian language newspaper Il Sole 24 Ore reported. The unsourced report said that Douglas could have the advantage because creditor banks including Unicredit and investment fund Och Ziff, which holds EUR 200m of LLG's debt, are likely to find the possibility of synergies between LLG and Douglas attractive.
LLG has turnover of EUR 350m and 500 outlets, as previously reported.
Douglas is controlled by private equity firm CVC and LLG by the Orlando Italy PE firm.