Recently, Swiss luxury goods and perfume group Lalique Group SA announced that the group and its major shareholder, Silvio Denz, intend to privatize and delist the company.
In the announcement, Lalique Group SA stated that Silvio Denz is submitting a public tender offer to the group’s public shareholders, which has the support of the company’s board of directors. As a private company, Lalique Group already has very little free float, and therefore wishes to fully focus on its business activities and continue to successfully implement its established diversification strategy.
It is understood that Lalique Group SA was initially listed on the BX Swiss exchange in Bern, Switzerland, and has been listed on the Swiss Stock Exchange since 2018. Over the years, Lalique Group SA has had very little free float, currently just over 6%. Given this situation, the costs of being listed, and the short-term orientation of the stock market, Lalique Group SA and its 51.1% majority shareholder and chairman, Silvio Denz, intend to delist the company’s shares from the Swiss Stock Exchange.
Public information shows that Lalique Group SA was founded in Zurich in 2000, initially focusing on the perfume business. In 2007, the group acquired the Ultrasun brand and entered the cosmetics field. In 2008, Lalique Group SA acquired the renowned French glass art brand Lalique, which was established in 1888 and is also the source of the group’s name. Currently, Lalique Group SA’s business areas include perfume, cosmetics, crystal, jewelry, and high-end furniture.
