AFP
Nov 5, 2012
Luxury retailer Georg Jensen sold to Bahrain's Investcorp
AFP
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.
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