German beauty-to-books retailer Douglas Holding AG is preparing to divest its Hussel confectionary stores, German news daily Frankfurter Allgemeine Zeitung said on Tuesday.
Reuters, citing the report, said that prospective buyers including retailers and financial investors were already given documents on Hussel. Hussel is the largest confectionery chain in Germany.
According to the report, Hussel had sales of EUR100 million (USD136 million) in the fiscal year through September 2012.
Douglas has repeatedly said that it would actively manage its portfolio, both by acquisitions and disposals, Reuters said.
The German retailer traces its roots to a Hussel store opened in 1949. Douglas was taken private by American private equity firm Advent International and the Kreke family earlier this year, the report said.
Reuters said that Douglas aims to complete its purchase of French perfumery chain Nocibe in the first half of next year. The German retailer in a statement last month said that it is also on the hunt for more acquisitions.
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