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Guldfynd

Status
Realised
Country
Sweden
Strategy
Mid Cap
Sector
Consumer
Entry
Jul-93
Exit
Sep-01
Fund
IK 1989

Leading jewellery retailer

Guldfynd is one of Sweden’s leading retail jewellery group. It operates stores under the Guldfynd brand and the Hallbergs brand.

The Guldfynd Group is the leading jewellery retailer in Sweden, serving customers through its chain stores Guldfynd and Hallbergs. The Company offers a wide range of fashionable quality products in gold, silver and costume jewellery with complementary products such as watches, table silver and gifts.

Today the Guldfynd Group employs 140 people, and operates 116 shops, 21 of which are franchises, spread over 60 districts across Sweden. Hallbergs Guld operates 34 shops, of which one is a franchise.

Guldfynd was acquired from KF by the IK 1989 Fund in July 1993, and subsequently sold to Albrekts Guld in September 2001.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Introduce focus on cost rationalisation;
  • Develop business offering further;
  • Support organic growth via expansion of store network; and
  • Pursue selective add-on acquisitions.
    • Acquired Hallbergs in 1998.