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French cosmetics group Bogart has sold its entire Israeli retail subsidiary, April Cosmetics and Perfumes Store Chain, for approximately €5.8 million. The buyer is a holding company owned by Bogart Chairman and CEO David Konckier; the company says the disposal is part of a review of its international retail operations and financial structure.
French cosmetics group Bogart has sold its Israeli subsidiary, April Cosmetics and Perfumes Store Chain, for approximately €5.8 million, transferring all of the business to a holding company owned by Bogart Chairman and CEO David Konckier. The sale removes a retail operation that accounted for 13.9 percent of Bogart’s consolidated sales in 2025, according to the company information reported by Global Cosmetics News.
The buyer is April Holding D.K., which is owned by Konckier, who is also Bogart’s principal shareholder. The deal covers 100 percent of the Israeli subsidiary. Bogart’s board approved the related-party transaction on 12 October 2026; the source report says Konckier did not take part in the vote.
The reported transaction values the Israeli business at approximately €10 million before net financial debt. After that debt deduction, the sale price is about €5.8 million. Those figures describe different measures of the deal: the former is the stated business valuation before debt, while the latter is the reported amount payable for the shares.
April operates 47 stores across Israel. It reported 2025 revenue of €36.7 million and EBITDA of €0.7 million, according to the report, which cites Groupe Bogart as its source. EBITDA is a measure of operating earnings before interest, taxes, depreciation and amortization; the figures provide a snapshot of the subsidiary’s scale and reported operating performance, not a forecast of future results.
A Major Retail Unit Leaves Bogart
The disposal separates Bogart from a business that generated 13.9 percent of group sales in 2025, making the sale relevant to how the French group’s future revenue mix and retail footprint may change. April’s reported €36.7 million in annual revenue gives an indication of the operation leaving the group, while its €0.7 million EBITDA shows the reported earnings figure was much smaller than its sales total.
Bogart says the sale is part of a wider review of its international retail operations and is intended to strengthen its financial position and improve capital allocation. The €5.8 million proceeds could support those aims, but the source material does not state how the money will be used, how much debt is being removed from Bogart’s accounts, or what financial impact the transaction will have on the group overall.
The buyer’s relationship to Bogart’s leadership also makes the governance details relevant. The subsidiary is being sold to a company owned by Bogart’s chairman and CEO, creating a related-party transaction. The report says the board approved the sale and Konckier was excluded from the vote; it does not provide further information about the approval process or any independent valuation review.
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April’s Place in Bogart’s Portfolio
The sale is presented as part of Bogart’s review of its international operations, rather than as an isolated change in store ownership. The group says it is reviewing its financial structure and seeking to direct capital toward other business priorities. No list of those priorities, or timetable for further portfolio decisions, appears in the supplied report.
The scale figures help explain the significance of the subsidiary: April had 47 Israeli stores and accounted for nearly one-seventh of Bogart’s consolidated sales in 2025. At the same time, the report’s earnings figure was €0.7 million in EBITDA. The source does not provide comparable results from previous years, so it is not possible to establish from these figures whether revenue or operating performance was rising or falling.
According to Global Cosmetics News, the transaction information came from Groupe Bogart. The report describes the €10 million figure as the value before net financial debt and the €5.8 million figure as the resulting sale price. It does not include the subsidiary’s debt balance, detailed sale terms or a closing date.
“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 summarized by Global Cosmetics News
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Closing Terms Still Unreported
The supplied report confirms board approval on 12 October 2026, but does not say whether the sale has closed, when ownership is expected to transfer, or whether any regulatory or other conditions remain. It also does not disclose the exact net financial debt deducted from the stated €10 million valuation or provide a breakdown of payment terms.
Although the report says Konckier did not vote on the deal, it provides no further detail about the board’s review, the basis for the valuation, or any independent assessment of the related-party transaction. The source also does not explain how the sale will affect Bogart’s reported debt, earnings, employees or store operations. Those outcomes should not be inferred from the announced price alone.
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Completion and Financial Reporting
The next points to watch are whether Bogart confirms completion of the transfer and provides a closing date, along with any additional information on the sale terms. Future company reporting may clarify the financial effect, including the proceeds received and how April’s revenue and earnings are treated after it leaves the group.
Bogart has said it plans to redirect resources toward other priorities as part of its portfolio review, but has not identified those priorities in the supplied material. Any further decisions about its international retail operations, or details on April’s business under its new owner, remain unannounced in the report.
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Key Questions
What did Bogart sell?
Bogart sold 100 percent of April Cosmetics and Perfumes Store Chain, its Israeli retail subsidiary.
Who is buying the Israeli subsidiary?
The buyer is April Holding D.K., owned by David Konckier, Bogart’s chairman, CEO and principal shareholder. The report says Konckier was excluded from the board vote approving the related-party transaction.
How much is the transaction worth?
The reported sale price is approximately €5.8 million. Bogart’s reported valuation for the business was about €10 million before deducting net financial debt; the source does not state the debt amount.
How large was April’s business?
April operated 47 stores in Israel and reported 2025 revenue of €36.7 million and EBITDA of €0.7 million. The figures are for 2025 and do not establish a trend against prior years.
Has the sale been completed?
The report says Bogart’s board approved the transaction on 12 October 2026, but does not confirm a closing date or state whether the ownership transfer has been completed.
Source: rss
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