By
AFP
Published
Nov 5, 2012
Download
Download the article
Print
Text size

Luxury retailer Georg Jensen sold to Bahrain's Investcorp

By
AFP
Published
Nov 5, 2012

COPENHAGEN - Investcorp, an alternative investment firm in Bahrain, has agreed to buy Danish luxury retailer Georg Jensen for $140 million (110 euros), the Gulf-based company said on Monday.

Investcorp is acquiring the Copenhagen-based designer of jewellery, silverware and high-end homeware, from US private equity group Axcel Capital Partners.

Georg Jensen, a Danish silversmith, founded the company in 1904.

The group last year posted sales of around $160 million (125 million euros), and currently has 94 fully-owned stores and three franchised outlets around the world.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.