Douglas Holding
 | |
| Aktiengesellschaft | |
| Traded as | FWB: DOU |
| Industry | Retailing |
| Founded | 1949 |
| Headquarters | Hagen, Germany |
Key people | Henning Kreke (President and CEO), Jörn Kreke (Chairman of the board) |
| Services | Perfume, book, jewelry, clothing and confectionery retail stores |
| Revenue | €3.321 billion (2009/2010)[1] |
| €141.7 million (2009/2010)[1] | |
| Profit | €75.9 million (2009/2010)[1] |
| Total assets | €1.713 billion (September 2010)[1] |
| Total equity | €764.8 million (September 2010)[1] |
Number of employees | 24,655 (September 2010)[1] |
| Website | www.douglas-holding.de |
Douglas Holding AG is a German perfume, book, jewelry and confection retailer based in Hagen. Douglas owns more than 1,900 stores, more than 1,500 of which are in Germany, in Europe and the United States.
In June 2015, the company was acquired from its ultimate owners Advent International by CVC Capital Partners for an undisclosed fee.[2]
History
The roots of the company date back to 1821, when the perfume and soap factory J.S. Douglas Söhne was founded in Hamburg. In 1863, the first Christ subsidiary was founded. In 1910, the first Douglas perfumery was opened in Hamburg. The actual predecessor of the Douglas Holding AG, the Hussel Süßwarenfilialbetrieb GmbH, was founded in 1949 and transformed into a joint stock company in 1962. In 1969 it acquired the Parfümerie Douglas, which soon became the main pillar of the corporation, which became known as Hussel Holding AG in 1976. In 1989, the company changed its name to Douglas Holding AG.
Operations
The group operates retail stores under the brand names Douglas (perfume and cosmetics), Thalia (books), Christ (jewellery), AppelrathCüpper (women's clothing) and Hussel (confectionery).
References
- 1 2 3 4 5 6 "Annual Report 2009/2010" (PDF). Douglas Holding. Retrieved 6 February 2011.
- ↑ Kirsti Knolle (1 June 2015). "CVC buys German perfume retailer Douglas". Reuters. Retrieved 1 June 2015.