Gebr. Heinemann to acquire a 37.5% stake in NOBILIS GROUP.

Gebr. Heinemann, a retail company that focuses on placement of their shops in duty free sections of the airports, agreed to acquire a 37.5% stake in NOBILIS GROUP, a distributor of perfumes. Financial terms were not disclosed. “The partnership with Gebr. Heinemann is the desired constellation that we have been looking for for a long time. I have known and appreciated the company Gebr. Heinemann and the owners personally for many years. As a family business with over 140 years of tradition, they have developed into one of the world's most important players on the international travel retail market and have been pursuing a sustainable growth strategy for decades. The company has enjoyed strong trust across five generations, stands for stability and is therefore a perfect new co-shareholder and partner for the NOBILIS GROUP,” Udo Heuser, NOBILIS GROUP Managing Partner and CEO.