LONDON — Georg Jensen has a new owner with deep pockets that’s out to turn the Danish company into one of the world’s largest luxury brands: Investcorp.
The private equity fund bought Jensen from Denmark’s Axcel Capital Partners for $140 million. Investcorp has operations in Bahrain, London and New York, and currently has $11.5 billion in assets under management and a proven track record in turning brands into major players — just ask Saks Fifth Avenue, Tiffany & Co. and Gucci. Investcorp has been off the fashion scene for some time, however, pretty much since it floated Gucci on the Amsterdam Stock Exchange in 1995. It had earlier floated Tiffany on the New York Stock Exchange in 1987.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)