Swedish lifestyle brand J.Lindeberg has new owners after a group of private investors acquired a majority share in the company.
Together with existing management, the new owners include Allan Warburg, Dan Friis and Anders Holch Povlsen, who all have broad experience as entrepreneurs in the apparel business.
The plan is to develop the brand as a standalone entity and to develop the label’s global profile.
J.Lindeberg was taken on by investment company Proventus together with Stefan Engström in 2007.
Chief execuitive officer Jonas Meerits and global brand director Stefan Engström will continue in their positions and remain as co-owners.
Meerits said: “This deal is an acknowledgement of the strength of the brand as well as of the company’s dedicated co-workers. I am confident it will open up for new exciting opportunities.”
In 2007, the investment company Proventus assumed principal ownership of J.Lindeberg together with Stefan Engström and put in place measures to develop and re–energize the company.
Departing chairman of the Board and Proventus chief executive officer Daniel Sachs, said: “After a successful turnaround J.Lindeberg is ready to enter into a new phase. The new owners will add relevant experience and resources to invest in further expansion of the company.”
Established in 1997, fashion and sportswear label J.Lindeberg sells its main collection and progressive golf and ski collections in more than 30 countries worldwide. The company is headquartered in Stockholm, Sweden.