Kiko aims to boost Eastern growth

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25 May 2018 à 17h12

Updated on 10 May 2019 à 17h06

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1 minute

Publication: 25 May 2018 à 17h12, Updated on 10 May 2019 à 17h06

Reading time: 1 minute

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Publication

25 May 2018 à 17h12

Updated on 10 May 2019 à 17h06

Reading time

1 minute

Publication: 25 May 2018 à 17h12, Updated on 10 May 2019 à 17h06

Reading time: 1 minute

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The beauty retailer Kiko is in advanced talks with the Luxemburg-based fund Peninsula (Rothschild), which could become a minority shareholder via a 30% investment and a capital increase of €100 million. In 2017, Kiko posted sales of €610 million (+3%) but the firm decided to reduce U.S.A. exposure in the face of fierce competition, closing 27 out of 30 U.S. stores. Spreading investment of €90 million over the next 3 years, Kiko will focus on the Middle East, India and Turkey via loca

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