COBALT advises AS Baltic Cosmetic Holdings in reorganization process


2007 - 08 - 07

AS Baltic Cosmetic Holdings has successfully restructured its business operations in the Baltics separating its cosmetics retail business (chains of Kolonna, Esthetique and Sarma shops operated in Latvia, Lithuania and Estonia) from services division, followed by sale of the majority stake in the retail holding company to Douglas Investment B.V. Douglas Investment B.V is a part of Douglas group which is a market leader in Europe in the areas of retail in fragrance, cosmetics and body care products.

The retail company currently continues its business under the name SIA Douglas Baltic. AS Baltic Cosmetic Holdings continues to operate services companies in the Baltics (beauty parlours, hairdressers, etc.).

COBALT advised and assisted AS Baltic Cosmetic Holdings in the reorganization process and represented its shareholders I. Plaude and East Capital (in Latvian law matters) throughout the process of sale.