Bogart sells Israeli subsidiary to its main shareholder

· Beauty & Fashion · France · Israel

The French Bogart Group has announced the sale of 100% of its Israeli subsidiary, April Cosmetics and Perfumes Store Chain Ltd, to April Holding D.K. Ltd, a company owned by Bogart chairman and CEO David Konckier, who is also the group's majority shareholder. Bogart's portfolio spans fragrance and fashion brands including Jacques Bogart, Ted Lapidus, Carven and April, alongside retail chains such as DI Drugstores and HC Parfümerie. The transaction moves a retail operation out of the listed group and into a vehicle controlled by its own top executive and largest shareholder, a structure that typically draws scrutiny over related-party terms and valuation. For the group, it narrows its direct retail exposure in Israel and concentrates the parent on its brands and other markets.

Why it matters：A related-party sale by a fragrance and fashion group highlights governance questions around insider-controlled retail assets and how listed beauty companies exit peripheral markets.

Key points

  • Bogart sells 100% of Israeli subsidiary April Cosmetics and Perfumes Store Chain Ltd
  • Buyer April Holding D.K. Ltd is owned by chairman and CEO David Konckier
  • Konckier is also Bogart's majority shareholder

Sources (original reporting)

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