TL;DR
Get beauty and skincare favorites delivered free with Prime
- Fast, free delivery on millions of items
- Prime Video, Amazon Music and more included
- Member-only deals all year
French cosmetics group Bogart has sold all of its Israeli subsidiary, April Cosmetics and Perfumes Store Chain, for approximately €5.8 million. The buyer is an entity owned by Bogart chairman, CEO and principal shareholder David Konckier; the company says the disposal fits a review of its international retail operations and financial structure.
French cosmetics group Bogart has sold 100 percent of its Israeli subsidiary, April Cosmetics and Perfumes Store Chain, for approximately €5.8 million to April Holding D.K., an entity owned by Bogart chairman and chief executive David Konckier. The sale transfers a retail business with 47 stores across Israel out of Bogart’s group as it reviews its international operations and financial structure.
The company’s announcement, reported by Global Cosmetics News, puts the Israeli business’s value at approximately €10 million before net financial debt. After deducting that debt, the stated sale price is about €5.8 million. Bogart said it sold the entire subsidiary to April Holding D.K., which is owned by Konckier, who is also Bogart’s principal shareholder.
April Cosmetics and Perfumes Store Chain generated €36.7 million in revenue in 2025, equal to 13.9 percent of Bogart’s consolidated sales, according to the report. The subsidiary recorded €0.7 million in EBITDA for that year. EBITDA is a measure of operating performance before interest, taxes, depreciation and amortization; the reported figure does not show the unit’s net profit or cash position.
Bogart’s board approved the related-party transaction on 12 October 2026, with Konckier excluded from the vote, the report said. The announcement identifies the buyer’s ownership link and the board’s approval process, but does not provide further detail on the transaction’s terms or the debt deducted in arriving at the cash consideration.
A Major Retail Unit Leaves Bogart
The sale removes a business that contributed 13.9 percent of Bogart’s 2025 consolidated sales from the group’s operations. That makes the divestment meaningful to the company’s business mix, even though the reported EBITDA was €0.7 million. The figures alone do not establish how the sale will affect Bogart’s future profitability, since the announcement does not provide the subsidiary’s full costs, cash flows or debt details.
Bogart says the disposal is part of a broader effort to strengthen its financial position and direct capital toward other priorities. The sale price, after the debt deduction, gives the group proceeds of approximately €5.8 million, but the announcement does not specify how those funds will be used. The transaction also places an operating retail business with a related party, making the disclosed governance process relevant to shareholders and other investors.
Israeli perfume store retail display shelves
As an affiliate, we earn on qualifying purchases.
As an affiliate, we earn on qualifying purchases.
The reported transaction combines two points that are material to understanding the deal: Bogart is exiting its Israeli retail subsidiary, and the purchaser is an entity owned by its own chairman, CEO and principal shareholder. Bogart’s board approved the deal on 12 October 2026, and the report says Konckier did not take part in the vote. Those facts describe the approval process, but the source material does not provide an independent valuation, the board’s full rationale or details of any other review undertaken.
The subsidiary’s scale can be seen in its reported 2025 figures: 47 stores, €36.7 million in revenue and €0.7 million in EBITDA. The €10 million valuation is stated before deduction of net financial debt, while €5.8 million is the resulting sale price. These are different measures: the first is the business valuation before that deduction, and the second reflects the amount reported after it.
Bogart describes the disposal as part of a review of its international retail operations and financial structure. The source does not set out a broader restructuring timetable or list other markets under review, so the Israeli sale should not be taken as confirmation of further exits.
“The disposal forms part of Bogart’s strategy to review its international retail operations, strengthen its financial position and improve capital allocation.”
— Groupe Bogart, as reported by Global Cosmetics News
Deal Terms Still Not Disclosed
The report does not specify the subsidiary’s net financial debt, how that debt was calculated, or whether any other adjustments affected the €5.8 million price. It also gives no payment schedule or further contractual terms. The reported €10 million valuation and €5.8 million sale price are therefore the available headline figures, not a full account of the transaction mechanics.
Although the report says the transaction was approved and describes Bogart as having sold the subsidiary, it does not provide a closing date or state whether any regulatory or other conditions remain. Nor does it include details of the valuation process or independent review. Bogart’s statement of strategic intent is company guidance; the available material does not confirm how much the sale will improve its financial position or where capital will be allocated.
Bogart’s Capital Plans Await Detail
The next information points are whether Bogart provides additional closing and transaction terms, and how it accounts for the sale and proceeds in its financial reporting. Investors may also look for updates on the group’s international retail review and any specific capital-allocation plans. The source material names no timetable for those updates and does not announce other disposals.
For April Cosmetics and Perfumes Store Chain, ownership is moving to April Holding D.K., but the report does not describe any planned changes to its 47-store network, staffing, branding or operations. Until the buyer or Bogart provides further information, the immediate effect on stores and customers remains unclear.
Key Questions
What did Bogart sell?
Bogart sold 100 percent of April Cosmetics and Perfumes Store Chain, its Israeli retail subsidiary, which operated 47 stores according to the report.
Who bought the Israeli subsidiary?
The buyer is April Holding D.K., an entity owned by David Konckier, Bogart’s chairman, CEO and principal shareholder.
Why is the sale price €5.8 million if the business was valued at €10 million?
The reported €10 million valuation is before net financial debt. The approximately €5.8 million sale price is the amount after that debt deduction, though the report does not state the debt figure or give further calculation details.
How large was the subsidiary’s business?
April reported €36.7 million in 2025 revenue, or 13.9 percent of Bogart’s consolidated sales, and €0.7 million in EBITDA. It operated 47 stores across Israel.
What happens to the stores after the sale?
The available report does not say whether the store network, staffing or operations will change. Bogart and the buyer have not provided further details on the subsidiary’s plans in the source material.
Source: rss
Fall Picks
fall essentials
As an affiliate, we earn on qualifying purchases.
