Müller Handels AG Switzerland plans to acquire additional shares in the Zurich-based luxury goods manufacturer Lalique Group SA.
With the latest transaction, which is expected to be completed in the coming days, the retailer will increase its stake in the group of companies to 25.0 percent by purchasing around 1.3 million shares, the Lalique Group announced on Wednesday. The majority owner remains Chairman of the Board of Directors Silvio Denz, who holds 50.1 percent of the shares.
Müller Handels AG Switzerland is the Swiss company of the German drugstore chain Müller. In the summer it had already acquired 8.3 percent of the shares in the Lalique Group from Denz. Now she is increasing her participation further.
Denz welcomed the latest development. “The trust expressed by Erwin Müller through the increase in shareholding honors us and is an obligation to us,” he explained in a statement. “We would also be happy to have Müller Handels AG Schweiz represented on our board of directors.”
The Lalique Group and the Müller drugstores have “intensified their long-standing collaboration in the distribution of perfumes and sun protection products in recent months” and are now examining “further cooperation options,” said Denz.