Pure Beauty

Nocibé valued at €600m


Valuation comes amid ongoing sale rumours of the French perfumery chain

French perfumery chain Nocibé has been valued at a figure of €600m by its vendor, Charterhouse Capital Partners, according to sources at Bloomberg. Charterhouse, which bought Nocibé in 2006 for €490m, owns a controlling stake in the company. The perfumery chain is now France’s third-largest, after Sephora and Marionnaud, and has 450 points of sale, of which more than 100 are franchises. It held 17% of the market in 2011, the last full year for which figures are available, when under its new director, Isabelle Parize, it turned over €670m.

When news broke in October that the financial house was planning to sell the firm, Charterhouse declined to comment, and it has also remained tight-lipped about the most recent valuation rumours. Nor has Nocibé made any comment.

Potentially interested parties have also opted to remain silent, but are known to include Nocibé competitor Douglas, global private equity firm Advent International, European private equity firm PAI, which is headquartered in France, and French selective retailer Galeries Lafayette.

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