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French cosmetics group Bogart is selling its Israeli subsidiary, April Cosmetics and Perfumes Store Chain, for about €5.8 million. The buyer is April Holding D.K., owned by Bogart chairman and CEO David Konckier; the transaction was approved by the board with Konckier excluded from the vote.
French cosmetics group Bogart has agreed to sell all of its Israeli subsidiary, April Cosmetics and Perfumes Store Chain, for approximately €5.8 million. The buyer, April Holding D.K., is owned by Bogart Chairman and CEO David Konckier, making the transaction a related-party deal as Bogart reviews its international retail operations and financial position.
The sale covers 100 percent of April Cosmetics and Perfumes Store Chain, which operates 47 stores in Israel. Bogart’s source material values the business at about €10 million before net financial debt; after the debt deduction, the stated sale price is approximately €5.8 million. The available report does not provide a separate breakdown of the debt or other adjustments behind the final price.
April reported 2025 revenue of €36.7 million, equal to 13.9 percent of Bogart’s consolidated sales, and EBITDA of €0.7 million. EBITDA is a measure of operating performance before interest, taxes, depreciation and amortization. Those figures describe the subsidiary’s reported results for 2025, not the proceeds Bogart expects to receive from the sale.
Bogart’s board approved the related-party transaction on 12 October 2026. According to the report, Konckier did not take part in the vote. The source says the disposal is part of a broader review of Bogart’s international operations and financial structure, with the group seeking to strengthen its finances and redirect resources to other priorities.
A Shift in Bogart’s Retail Portfolio
The transaction removes a business that accounted for 13.9 percent of Bogart’s 2025 consolidated sales from the group’s portfolio, based on the figures provided. It also transfers a chain with 47 Israeli locations to a company owned by Bogart’s chairman and CEO. The deal is therefore relevant both to Bogart’s operating footprint and to how the company handles a sale involving a senior executive’s ownership interest.
Bogart says the disposal is intended to support its financial position and capital allocation. The stated €5.8 million price is not the same as the subsidiary’s €10 million value before net debt, and the report does not specify how Bogart will use the proceeds or quantify the expected effect on its finances. The sale could change the group’s revenue base, but the figures available do not establish what future impact it will have on profitability or cash flow.
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April’s Place in Bogart’s Business
April is an Israeli cosmetics and perfume retail chain rather than a standalone product brand in the description supplied. Its 47 stores and 2025 sales made it a material part of Bogart’s reported business: its revenue was €36.7 million, while its EBITDA was €0.7 million. The difference between revenue and EBITDA shows why sales alone do not describe the unit’s operating contribution; the source does not offer further detail on its costs or margins.
The report frames the sale as part of Bogart’s review of international retail operations, rather than describing it as an isolated transaction. However, it does not identify other businesses under review or state whether Bogart plans additional disposals. The board’s approval date and the buyer’s connection to the company are confirmed in the source material; further legal and completion details are not included.
“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 quoted in the Global Cosmetics News report
perfume retail store display shelves
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Sale Completion and Debt Details
The source material does not say whether the transaction has closed or give a completion date. It also does not break down the subsidiary’s net financial debt, explain any other price adjustments, or state whether further approvals or conditions apply. The €5.8 million figure is presented as the sale price, but payment timing and structure are not specified.
Because the buyer is owned by David Konckier, the transaction is related-party in nature. The report says the board approved it with Konckier excluded from the vote, but provides no further information about the process used to assess the terms or whether an independent valuation was commissioned. The source also does not quantify the expected impact on Bogart’s debt, cash flow, or earnings after the sale.
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Closing and Financial Updates
The next milestones are confirmation of completion of the sale and any further disclosure by Bogart about its financial effects. The available report gives board approval on 12 October 2026 but no closing timetable. Readers should look for company updates clarifying whether the transfer has been finalized, how and when the €5.8 million will be paid, and how Bogart plans to allocate the proceeds.
Further company reporting may also show how the disposal affects consolidated revenue and the group’s remaining retail footprint. Bogart has described a broader review of international operations, but has not disclosed in the supplied material whether additional changes are planned.
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Key Questions
What is Bogart selling?
Bogart is selling 100 percent of April Cosmetics and Perfumes Store Chain, its Israeli subsidiary, which operates 47 stores.
Who is buying the Israeli subsidiary?
The buyer is April Holding D.K., a company owned by Bogart Chairman and CEO David Konckier.
How much is the sale worth?
The reported sale price is approximately €5.8 million. The business is valued at about €10 million before deducting net financial debt; the report does not provide a debt breakdown.
Why is Bogart selling April?
Bogart says the disposal forms part of a review of its international retail operations and is intended to strengthen its financial position and improve capital allocation.
Has the sale been completed?
The report confirms board approval on 12 October 2026, with Konckier excluded from the vote, but does not say whether the sale has closed or provide a completion date.
Source: rss
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