Adopt Perfumes, investment program participation Pépites & Territoires by AXA in France and NextStage AM and the NextStage Evergreen investment vehicle, takes over the former Pierre Fabre factory in Loiret and establishes itself in the heart of the Cosmetic Valley.
“With the support of local players, we are happy to take over this production site and contribute to strengthening made in France. This location allows us to continue to lead a revolution by offering great original perfumes, created by renowned perfumers, at affordable prices,” promises Frédéric Stoeckel, president of the brand since 2019.” Christiant Panvert, March 10, 2023, Le Parisien
Adopt Parfums has planned to invest 15 million euros for this project, which notably includes the recruitment of around forty people from the first year of production, to reach around a hundred employees when the site is at full production capacity. This investment will also be an opportunity for the brand to convert its site from an environmental point of view in order to reduce its energy consumption. This will notably involve the acquisition of photovoltaic or geothermal equipment.
Read the press article: https://lnkd.in/eH38h6mQ
