Bucherer acquires Klarlund
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Bucherer acquires Klarlund

M&A
At Lundgrens, we are pleased to have advised the Swiss, family-owned company Bucherer in connection with the acquisition of the Danish watch and jewelry retailer, Klarlund, which was sold by the Pitzner Group.

Klarlund was founded in 1947 by Povl Klarlund and today has approx. 70 employees. Klarlund was acquired by Axel Pitzner in 1989 and has since then been part of the Pitzner Group.
 
Swiss Bucherer was founded in 1888 by Carl-Friedrich Bucherer and remains owned by the Bucherer family today. Bucherer sells luxury watches and jewelry and has one Danish store in Illum, Copenhagen. The company has a total of 2,000 employees and is headquartered in
Lucerne, Switzerland.
 
In a press release, the Managing Director at Bucherer, Guido Zumbühl, says: "This acquisition fits perfectly with our strategy to further strengthen our presence in Denmark and to follow up on
our entry into the market in 2016 with our first store in the department store Illum."

Read more about the transaction at Børsen.dk (for subscribers only).