MC Sonae and founding partners druni They came together to combine their business. druni And beachcreate Leading beauty and wellness retailer in Spain, with approximate turnover With 800 million euros and more than 470 storesas reported in a statement.
Specifically, MC Sonae contributes to this deal with its current involvement in ArenalIt is 60% owned by the Portuguese firm and 40% by the Vázquez family, who are its founding shareholders, and is a significant additional investment forming a ‘joint venture’ with the Casp family, Druni’s founding shareholders.
After surgery, Druni will be the head of the new group resulting from the integration and will belong to a ‘holding’ 50% controlled by MC Sonae. The founding partners of Arenal will have a minority stake and 50% of the shares will be casp familyprotect the corporate headquartersl Carlet Group (Valencia).
Like this, this alliance builds on the joint assets and competencies of MC Sonae, Druni and Arenal. In particular, the combination of Druni and Arenal businesses, will hold both bannersIt will accelerate these companies’ growth plans in physical and ‘online’ channels by leveraging their capabilities and the complementarity of their store networks.
The CEO of the new group will be Bernardo Casp, who leads the project with his brother José Casp in this new phase and has recruited Rafael Márzan Vázquez, who has solid industry experience, into its management team.
The closure of the operation is still subject to the approval of the competent authorities and is expected to take place in the second half of 2023.
Managers of MC Sonae and Druni assured that “this operation means the creation of a reference operator in a segment with high growth potential in the Iberian Peninsula”. “By joining forces, new opportunities are opening up and providing an even brighter future for MC Sonae, Druni and Arena.l” stated.
Druni’s shareholders in this operation has Cuatrecasas and Deloitte as legal counsel MC Sonae served as corporate financial advisor while seeking legal advice from King & Wood Mallesons on the operation.