Lalique Group continues to diversify its shareholder base

Zurich, July 24, 2023 Silvio Denz, majority shareholder and Chairman of the Board of Directors of Lalique Group SA (SIX: LLQ), which is active in the creation, development, marketing and global distribution of luxury goods, has agreed with Müller Handels AG Schweiz that the latter will sell 600,000 of the company’s shares, thereby reducing his stake to 50.1%.

Silvio Denz: «I am extremely pleased to be able to welcome Müller Handels AG Schweiz and with it such a great entrepreneur and long-time companion like Erwin Müller as another anchor shareholder at Lalique Group. We are thus further diversifying our shareholder base, although I will continue to hold the majority in the company in the future.»

Müller Handels AG Schweiz, based in Oberentfelden, is the Swiss arm of the company founded by Erwin Müller in 1953 near Ulm, which today has around 900 branches in the DACH markets, Eastern Europe and Spain with its drugstore chain. Lalique Group works with Müller in the distribution of perfumes and sun protection products and will examine further cooperation opportunities.

The sale of the stake will be completed in the next few days. Upon completion of the transaction, Silvio Denz’s stake in Lalique Group will be reduced to 50.1% and Müller Handels AG Schweiz will hold an 8.3% stake. Dharampal Satyapal Limited holds 12.3%, Hansjörg Wyss holds 6.3% and Ayman, Faisal, Mohammed and Maanoun Tamer hold 3.3% of Lalique Group through their MAG Seven Ltd.