Bucherer has introduced the acquisition of Danish jewelry retailer Klarlund.
The takeover will come into impact 4 January 2023 with Bucherer taking up two boutiques and the Klarlund service centre. Bucherer hopes that the acquisition will permit it to develop its market share in Denmark.
Klarlund was based in 1947 by a watchmaker and within the intervening years has grow to be one in all Denmark’s greatest jewelry retailers. The corporate at present employs round 70 individuals.
Guido Zumbühl, CEO of the Bucherer Group, stated: “We’re comfortable and proud to welcome Klarlund within the Bucherer household. Klarlund’s historical past and achievements are spectacular and we’ve the best respect for this family-owned firm. All of the extra being a family-run firm ourselves and having so many mutual values resembling consideration to element and the main target and keenness for glorious craftsmanship.
“Bucherer totally acknowledges the achievements and significance of Klarlund’s staff for its previous success and intends to construct on the present workers additionally for the longer term collectively. This acquisition matches into our technique to strengthen our presence in Denmark additional and to observe up on our market entry in 2016 with our first boutique on the Illum division retailer.”
Morten Pitzner, earlier proprietor and chairman of the Pitzner Basis which owned Klarlund, added: “It was vital to us to discover a new proprietor whom we share frequent values with and who understands Klarlund each from a watch and a jewelry retailer’s perspective. With Bucherer, we’ve discovered simply that.
“They bring about within the experience and understanding we’ve been searching for. At Klarlund, custom and native rules have all the time been key. With Bucherer, we now have a powerful worldwide accomplice that’s nonetheless family-run and thus upholds these values.”
Each corporations have agreed to maintain the monetary particulars of the transaction non-public.