Investcorp acquires Scandinavia's leading luxury retailer Georg Jensen
09 Nov 2012 05:26 GMT
 

BAHRAIN -- Investcorp, a leading provider and manager of alternative investment products, has signed an agreement to acquire Scandinavia's lead (more)

BAHRAIN -- Investcorp, a leading provider and manager of alternative investment products, has signed an agreement to acquire Scandinavia's leading luxury retailer Georg Jensen for $140 million from private equity group Axcel Capital Partners. As part of the transaction, Investcorp has teamed up with David Chu, the luxury brand entrepreneur and founder of Nautica, who will join the company as Chief Creative Director and Co-Chairman of the Board. Also joining the Board is Guy Leymarie, former Chief Executive Officer of DeBeers Diamond Jewellers, Cartier International and Dunhill.

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