The public takeover bid for the Swiss group Lalique ” with a view to its withdrawal from the Stock Exchange has been successful, its majority shareholder announced today.
The Swiss entrepreneur Silvio Denzwhich bought the prestigious French crystal factory founded by René Lalique in 2008, holds 55.82% of the group’s shares following the offer, which ran until June 28, the group said in a press release.
In late May, the group – active in perfumes, crystal objects, high-end hotels and whisky – announced that Mr Denz wanted to delist Lalique from the Swiss stock exchange given its narrow float.
Mr Denz, who already held 51.1% of the shares, had made an offer of 40 Swiss francs (41.34 euros) per share, a premium of 32.45% compared to its price the day before, and had reached an agreement with the other major shareholders, who together hold 42.67% of the shares and intend to remain in the company’s capital after the delisting.
Other major shareholders include the retail chain Müller Handels AG Schweiz, the Indian conglomerate Dharampal Satyapal and the Swiss investor Hansjörg Wys.
In the press release published on Monday, the group specifies that an additional period to buy back the last shares still in circulation will be granted from July 3 to 16.
Swiss entrepreneur Silvio Denz, 67, made his fortune in perfumes and in 2008 bought the struggling French crystal company Lalique in order to revive it. He then renamed his group Lalique. His fortune is estimated at 350 to 450 million francs by the Swiss magazine Bilan.
With a turnover of 179.2 million euros in 2023the Lalique group is a niche player in the luxury sector, which manufactures decorative and furnishing objects in crystal as well as perfumes.
It is also present in whisky through the Scottish distillery The Glenturret as well as in the hotel and catering industry, with the Villa René Lalique and the Château Hochberg in Alsace and the Château Lafaurie-Peyraguey hotel-restaurant in the Bordeaux region.
