Spain: Druni, Arenal and MC merge to create leading beauty and wellness retail group in Spain

Cuatrecasas has advised Druni—a perfumery, cosmetics and health & beauty retailer—on the agreement signed with Arenal and MC Sonae to create a leading beauty and wellness retailer in Spain, with a turnover of approximately €800 million. The closing of this transaction is expected during the second half of 2023, pending regulatory approval.