Bourgtheroulde, France, August 30th 2017 – Acquisition of a majority stake of French home fragrance brand Lampe Berger by the private equity fund Argos Wityu.
This transaction represents a turning point in the development of the company due to the arrival of a new shareholder focused on transformation and experienced in accelerating the growth of companies. Argos Wityu brings ambitious projects and resources to the Group.
With sales of c. €50m, of which 80% abroad, Lampe Berger carries a “Made in France” label and was awarded the Living Heritage Label (EPV) as a recognition of its unique know-how and French-based quality production.
A new 360° strategy
With Argos Wityu as its new shareholder, Lampe Berger’s goal is to build on its brand and historical know-how and transform into an international leader in the premium air care market. The strategy will focus on investing in many areas and fuel growth: strengthen R&D, expand the product range, innovate in product design, reinforce the distribution network and increase consumer intimacy.