KME Group has announced it will sell its stake in fragrance specialist Culti Milano, representing 77.17% of the share capital, to Berger International, the holding company of Emosia Group, one of France’s leading players in the home-fragrance sector (whose brands include Maison Berger Paris, My Jolie Candle, and Ambiances Devineau, among others). The transaction is valued at €45.8 million.
Culti Milano: Kme sells its stake to Emosia Group
“The sale completes the execution of KME’s strategy to concentrate its industrial holding activities on the management of KME SE, which is focused on the laminates sector, and makes a significant contribution to available financial resources,” the press release states.
With a workforce of 61, the Culti Group, which holds 11.94% of the share capital, recorded revenues of €20.8 million and EBITDA of €4.7 million in the 2024 financial year.
Active in nearly 70 countries, Emosia operates through a network of around 9,000 points of sale, runs five industrial sites, and generates turnover of over €110 million, about half of which is earned abroad.
“Emosia Group is pursuing a growth strategy centred on developing high value-added brands, and the acquisition of Culti enables it to integrate a premium brand that combines olfactory excellence, high-quality raw materials, distinctive design and brand experience,” the press release concludes. “As part of the transaction, Culti’s current management will remain in post, ensuring continuity of operations and supporting the continued development of the business.”
The closing of the transaction, subject to the fulfilment of customary conditions precedent, is scheduled for February 2026.
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