Bahrain Investcorp Purchases Georg Jensen for $140M
On November 5th 2012, it was announced that the Georg Jensen Silversmithy was purchased by a Bahrain-based investment firm, Investcorp, for approximately $140 million. Additionally, a change in leadership was scheduled to to take place with David Chu, founder of Nautica, joining as the Chief Creative Director and co-Chairman, as well as Guy Leymarie, former CEO of DeBeers, Cartier, and Dunhill joining the board. The group seems poised to target the global market, particularly in Asian countries where Georg Jensen and other luxury products are well received and where currently 40% of Georg Jensen sales originate. Currently there are approximately 100 shops worldwide with 1200 employees worldwide.