French cosmetics conglomerate Bogart, known for its diverse brand portfolio, including the April perfume chain, Carven, Jacques Bogart labels, and licensed beauty brands, showcased a robust performance in the initial nine months of the 2023 financial year. Total sales reached €203.1 million, marking a significant 2.4% increase (or an impressive 7.2% growth on a like-for-like basis).
In the third quarter, Bogart achieved sales of €65.5 million, reflecting a modest 2.8% decrease but maintaining strong growth of 5.7% on a like-for-like basis.
Despite implementing a strategic reorganization plan that led to the closure of nine stores in Belgium and 17 stores in France, the group remains resolute in achieving its sales growth and profitability targets for the full year.
In-depth analysis reveals that sales within Bogart’s fragrance and cosmetics division, encompassing renowned brands such as Carven and Jacques Bogart, totaled €39.2 million, showcasing a notable 5.7% increase (or a remarkable 11.9% growth on a like-for-like basis). On the other hand, Bogart Beauty Retail, which includes the celebrated April selective perfumery chain, achieved total sales of €163.9 million, representing a consistent 1.6% growth (or a notable 6.1% growth on a like-for-like basis).
The Bogart Group keeps a vigilant eye on the situation in Israel, where it operates 44 April stores, contributing to 14% of its 2022 business. Despite initial disruptions during recent conflicts, the group has successfully resumed operations in the region. However, Bogart remains unwavering in its commitment to closely monitor the local situation and prioritize the safety of its employees.
Stay tuned for the release of the Bogart Group’s fourth-quarter sales figures on Monday, February 5, 2024.
