Konckier Completes Marionnaud Acquisition Through BEHN
David Konckier's company BEHN has finalized the purchase of the Marionnaud Group, which Bogart Group reported alongside a first-half revenue decline.
Updated on Nov. 6, 2026 in Retail
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David Konckier completed the acquisition of the Marionnaud Group through his company BEHN, in a transaction undertaken in a personal capacity. Marionnaud had been owned by CK Hutchison for more than 20 years.
Why it matters
The deal changes ownership of a large European perfume and beauty retail network with roughly 687 stores across eight countries. It comes as Bogart Beauty Retail's own revenue has declined amid subdued consumer spending and a restructuring of its store network.
Marionnaud generates approximately EUR 650 million in annual revenue and employs nearly 4,200 people across 687 stores. Bogart Beauty Retail revenue fell 7.1% to EUR 93.1 million in the first half, and the purchase price was not disclosed.
The players
David Konckier
David Konckier is an individual investor who completed the purchase of Marionnaud through his company BEHN.
Marionnaud Group
Marionnaud is a European perfume and cosmetics retailer that operates 687 stores across eight countries and was previously owned by CK Hutchison.
Bogart Group
Bogart Group is a European selective beauty retailer operating roughly 450 perfumeries and drugstores across Europe and the Middle East.
The details
The acquisition was finalized through BEHN and was first announced in a press release on July 6. Marionnaud is being integrated alongside Bogart's own network of approximately 450 selective perfumeries and drugstores across Europe and the Middle East, which is undergoing store closures in France, Belgium and Germany.
Timeline
July 6, 2026: Acquisition first announced in a press release.
First half of 2026: Bogart Group reported a 7.4% revenue decline.
November 5, 2026: Completion of the acquisition reported.
Market Landscape
The transfer of Marionnaud after more than 20 years under CK Hutchison places a large European beauty retail network in new hands at a time when Bogart's own retail division is contracting. The deal consolidates selective beauty retail in a sector where store-network restructuring is under way.
Shoppers at Marionnaud and Bogart stores may see changes as the new owner integrates the networks and store closures in France, Belgium and Germany continue. The extraction does not indicate specific changes to pricing or loyalty programs.
The takeaway
Retail ownership changes can reshape both product availability and store footprints, so customers of affected chains should watch for shifts in store locations and offerings over the coming months.
Further reading
For more on how beauty and perfume chains are reshaping their store networks, see Retail.
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