SWITZERLAND. Niche beauty company Art & Fragrance is planning an Initial Public Offering on the BX Berne eXchange in a bid to expand its brand portfolio.
Art & Fragrance specialises in the creation, development, marketing and worldwide distribution of perfumes and cosmetics, including Parfums Alain Delon, Parfums Grès, Jaguar Fragrances and, since 2007, Ultrasun sun protection products.
In a press release announcing the decision to float, the company said: “With the IPO planned for the latter half of 2007, Art & Fragrance is aiming to broaden its shareholder structure, raise its profile within and outside the perfume industry, and in so doing create the basis for further expansion of its brand portfolio.”
Art & Fragrance employs 30 people and in 2006 recorded revenue of CHF40.0 million and a consolidated net profit of CHF11.2 million, around half of which was generated by its core business.
The company distributes its products in Europe, North and South America, Asia, the Near East and the Middle East, as well as Asia.
Based in Zollikerberg near Zürich, Art & Fragrance was founded in 2000 by Silvio Denz. Previously Denz owned the largest chain of perfume stores in Switzerland, Alrodo, which he sold in 2000 to the French group Marionnaud Parfumeries.
Denz is the sole shareholder and Chairman of the Board of Art & Fragrance, and Roger von der Weid is CEO.
For details on Art & Fragrance contact Bühlstrasse 1 8125 Zollikerberg, Switzerland, tel: +41 43 499 45 00, or e-mail info@art-fragrance.com Visit www.art-fragrance.com
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