Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
IC Group divests clothing brand Designers Remix
December 6, 2018

IC Group has sold all its shares in the Danish clothing brand Designers Remix to Hesselbjerg Holding. Hesselbjerg is owned by the founder of Designers Remix. IC Group sells 51 % of the shares in Designers Remix. It is IC Group’s second divestment this year as they previously sold Peak Performance. Designers Remix reported a gross profit of DKK 50m and EBIT of DKK 8m in 2017. The deal value is not disclosed.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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