CMS advises Douglas Holding on the disposal of its perfumeries in Russia

CMS has advised Douglas Holding AG on the disposal of its 32 Russian Douglas perfumeries with an annual turnover of € 55 million to Rustiset Holdings Ltd., a shareholder of Russian cosmetics and perfumery chain Rive Gauche, which for that purpose has acquired all shares in the capital of Douglas Rivoli Holding B.V.

Douglas Holding A.G. is based in Hagen, Germany and operates 1,230 perfumeries across Europe. In addition to its perfumery business, the Douglas Group operates several other retail businesses including book stores, jewellery stores and fashion outlets with annual sales equalling € 3.3 billion.

Corporate partners Thomas Heidemann (CMS Moscow) and Roman Tarlavski (CMS Amsterdam) led the team comprising Marie Donchevskaya, Maxim Boulba, Elena Andrianova, Svetlana Kislitsyna, Ilya Mazurov, Christian Delgado, Erik Vorst and Gieneke van Nierop.