RapNet


Rapaport News

 

Financial-Legal

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Douglas Sells Christ Jewelers to 3i

Oct 28, 2014 3:26 PM   By Jeff Miller
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Private equity firm 3i Group purchased the Christ jewelry stores from retailer  Douglas and its equity partner Advent. The deal was reportedly worth  $510 million (EUR 400 million), including debt. Insiders told Reuters that 3i is investing $273 million ($214 million) in the jewelry chain. Christ's annual revenue was reported at about $508 million for the latest fiscal year, it employs 2,400 and operates 220 stores. 

Douglas sold the jeweler to focus on its core retail business of beauty and  perfumes. The sale is subject to regulatory approval.  



 

Tags: advent, Christ, douglas, Europe, Germany, Jeff Miller, Jewelry, retail
Similar Articles
Lab-grown rough diamondIndia Differentiates Synthetics Imports
Jul 14, 2019
India has introduced an import classification code solely for lab-grown...
India Hikes Import Tax on Precious Metals
Tariffs, Taxes Top JA Washington Agenda
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us