Kiko raises capital for Eastern expansion

Publication

19 March 2018 à 15h44

Updated on 10 May 2019 à 17h15

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1 minute

Publication: 19 March 2018 à 15h44, Updated on 10 May 2019 à 17h15

Reading time: 1 minute

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Publication

19 March 2018 à 15h44

Updated on 10 May 2019 à 17h15

Reading time

1 minute

Publication: 19 March 2018 à 15h44, Updated on 10 May 2019 à 17h15

Reading time: 1 minute

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To reschedule Kiko’s debt with creditor bans, Italian parent company Percassi is considering a capital increase varying from €100 to €150 million. Kiko aims to increase its footprint in China, India and the Middle East. The cosmetics retailer operates around 1,000 stores worldwide and posted an annual turnover of €610 million in 2017 up by 3%, for a total debt amounting to €200 million. In the U.S., Kiko is shutting down nearly all of its 29 stores and closing the New York headquart

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