Oriflame

As part of a going private, Oriflame Group was entirely taken over in 2019 by the Walnut BidcoPlc, a company controlled by the majority shareholder of Oriflame. Within this transaction, a purchase price allocation (PPA) in accordance with IFRS 3 had to be performed. IFBC was engaged with the implementation of the PPA as well as with the development of a standardized impairment model. Oriflame Group is a globally operating Swedish cosmetics company. Oriflame’s cosmetic products are distributed through a network consisting of over 3 million representatives in about 60 countries.