Douglas

Perfume chain Douglas has closed twelve particularly exposed branches in Germany as a precaution on 31 October for security reasons and has implemented additional security measures at affected locations. The move follows announced youth protests in several cities; exact locations of the closures were not disclosed for security reasons. Douglas stresses the measure is intended to protect employees and customers and says it hopes the demonstrations will proceed peacefully. » More on spiegel.de

Jean-Marc Bellaiche will take over leadership of Douglas on November 1, 2026, after Sander van der Laan leaves management early. Despite being market leader in Europe, Douglas is experiencing weak growth: poor sales development, two profit warnings and a sharp drop in the share price. Price pressure, shoplifting of advice, and strong online competitors such as Notino, Flaconi, Amazon and TikTok Shop are shifting market share to the internet, while the dense store network generates high costs. The company is reviewing its store structure and must adapt its digital strategies and cost base to remain competitive. » More on wiwo.de

Jean‑Marc Bellaiche will take over leadership of Douglas on 1 November 2026. The company, Europe’s market leader in cosmetics retail, is under pressure from falling sales and two downward revisions to its guidance. While the overall market is growing, Douglas is losing market share to price- and digitally oriented competitors such as Notino and Flaconi, as well as to Amazon and TikTok Shop, which are gaining strongly in the beauty segment. High store costs, consultation theft and changed consumer behaviour are weighing on profitability; the stock has lost around 71 percent of its value since the IPO comeback in 2024. » More on wiwo.de

Jean-Marc Bellaiche (56) will become Douglas’s chairman of the executive board for four years from 1 November; Sander van der Laan is stepping back from operational management. The company has already cut its full-year outlook twice this year, and operating profit fell into the red due to weak consumer demand and write-downs. The share price is trading at a record low, and analysts view the leadership change after the CFO switch in 2025 as a logical step to advance strategy execution and restore investor confidence. » More on wiwo.de

Douglas appoints Jean-Marc Bellaiche (56) as CEO for four years, effective 1 November. The previous CEO, Sander van der Laan, is withdrawing from active management. The company had recently repeatedly cut its annual outlook and suffered from weak consumer demand; the stock rose moderately after the announcement. » More on finanzen.net