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PE firm expands perfumery chain holdings.
July 21, 2011
By: TOM BRANNA
Editor
European private equity fund Bridgepoint acquired perfumery chain La Gardenia from funds L Capital, the private equity arm of LVMH Moët Hennessy Louis Vuitton, and Ergon Capital. Terms of the deal were not disclosed. La Gardenia, which has 161 stores and 822 employees, is positioned in the high-end segment of the market. The retailer posted earnings before interest, taxes, depreciation and amortization of about $23.7 million at average exchange, and sales of $149 million, in 2010. ...
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