Konckier Completes Marionnaud Acquisition Amid Decline
Beauty suppliers selling through Marionnaud and Bogart should review distribution terms as ownership and store footprints change.
Updated on Nov. 6, 2026 in Retail
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David Konckier completed his acquisition of the Marionnaud Group through his company BEHN, after the deal was first announced in a July 6 press release. Marionnaud, which had been owned by CK Hutchison for more than 20 years, runs 687 stores across eight countries, a footprint that matters for beauty retailers and suppliers across Europe.
Why it matters
The transaction changes ownership of a large European beauty chain at a time when Bogart Beauty Retail's revenue is falling, so operators in beauty retail and supply will be watching whether the new owner tightens or expands the store network. The deal was undertaken in a personal capacity, and the Bogart Group is pointing to new product launches and distribution partnerships as its growth path.
Marionnaud generates approximately EUR 650 million in annual revenue and employs nearly 4,200 people across 687 stores in eight countries. The Bogart Group's first-half 2026 revenue of EUR 114.7 million fell 7.4% at current exchange rates, and Bogart Beauty Retail's revenue dropped 7.1% to EUR 93.1 million.
The players
David Konckier
Konckier is an individual investor who completed the Marionnaud acquisition through his company BEHN.
CK Hutchison
CK Hutchison is a Hong Kong conglomerate that owned Marionnaud for more than 20 years before the sale.
Bogart Group
Bogart Group is a European beauty retail operator whose Bogart Beauty Retail arm runs roughly 450 selective perfumeries and drugstores.
The details
Konckier completed the purchase through BEHN, and the transaction was undertaken in a personal capacity rather than by a corporate buyer. Bogart Beauty Retail operates roughly 450 selective perfumeries and drugstores across Europe and the Middle East, and its network is already undergoing restructuring with store closures in France, Belgium and Germany. Marionnaud's banners, including April Beauty and DI in Luxembourg and Israel and Fann in Slovakia, add operating footprints that the combined group will need to manage.
Timeline
July 6, 2026: The acquisition was first announced in a press release.
First half of 2026: The Bogart Group reported its revenue decline.
November 5, 2026: Completion of the acquisition was reported.
Market Landscape
Bogart Group's first-half 2026 revenue fell 7.4% at current exchange rates, with its beauty retail arm down 7.1%, which places the Marionnaud deal within a contracting selective-beauty retail segment. The acquisition brings a second large European beauty chain under one private owner, and its effect on competitors will depend on how the combined network is restructured.
Beauty brands and suppliers that sell through European drugstore and selective perfumery chains should review their distribution terms with Marionnaud and Bogart as the new ownership and store restructuring take shape. Operators in this segment should also track whether the combined network's store closures lower their shelf access in France, Belgium, Germany and other markets.
The takeaway
The main operating signal is that a shrinking beauty retail network is changing hands, so the store footprint may shift in the coming quarters. Suppliers should record Marionnaud's and Bogart's current distribution terms and monitor store counts by country as the new owner's plans become clearer.
Further reading
For broader context on how beauty and drugstore chains are reshaping their store networks, see the Retail section.
Source note: This article includes information reported by Premium Beauty News.
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