La Gardenia


La Gardenia is a leading perfumery retail chain in Italy with a presence in shopping malls and city centers, now part of the Douglas group. Founded in 1976, the company has a product offering that ranges from mainstream products/brands (e.g., P&G, L’Oreal, Garnier) to selective beauty brands (e.g., Estée Lauder, Christian Dior, Shiseido, Chanel, etc.).


Our investment gave Ergon the possibility to invest in one of the leading regional players in the Italian perfumery retail market, with potential to become a national player through accelerated organic growth and bolt-on acquisitions. Besides, the Company had a an efficient and highly profitable business model coupled with healthy cash-flow generation providing for multiple exit options including both financial sponsors and international chains/groups willing to expand in Italy.

Date of Investment: April 2006

Date of Exit: August 2006/October 2016

Sector: RCL

Sector: Italy

Sales: €134 million at exit

shops opened across Italy
in the Italian market
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