La Gardenia Acquired by Bridgepoint

La Gardenia, an Italian fragrances and cosmetics retail chain, has been acquired by Bridgepoint from its current owners L Capital and Ergon Capital for an undisclosed sum.

Bank finance for the transaction was provided by Banca Imi, IKB, and MPS Capital Services.

The acquisition will allow the company to consolidate its market position whilst also expanding in to adjacent segments.

With a network of 161 directly operated stores and 822 employees throughout city centers and shopping malls, La Gardenia offers a wide range of fragrances, cosmetics and make-up products, toiletries and accessories.
Led by CEO Silvano Storer, the company generated €133m of sales in 2010.



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