European perfume retailer Douglas heads for shares debut 

Douglas plans to raise about €800m by selling new shares in the IPO and another €300m via an equity injection from existing shareholders, according to a statement

Dusseldorf-based Douglas has been building out a network of more than 1,800 stores in 22 countries and expanding its e-commerce offerings across Europe. Picture: Andrey Rudakov/Bloomberg

Perfume retailer Douglas is looking to raise as much as €1.1bn through a listing in Frankfurt, as private equity owner CVC Capital Partners bets on a rebound in European initial public offerings.

Douglas, a well-known chain on European shopping streets, plans to raise about €800m by selling new shares in the IPO and another €300m via an equity injection from existing shareholders, according to a statement.