Customer focused jewellery retailer successfully expanded internationally
Investment date
2010 - 2016
Good to great
2.5x
money multiple
International sales growth of 23% CAGR during our investment period
60%
EBIDTA growth
EBITDA increased from €17.7m in 2010 to €28.1m in 2016
2,900
near trebling of PoS channels from 1,000 to 2,900
Active in 24 countries
Key events under our ownership
International expansion across geographies and retail channels, increasing PoS to 2,900
Material gross margin improvement from pricing, sourcing and cost initiatives
Expanded the product offering through the introduction of three new concepts
Portfolio M&A synergies – top line synergies achieved following our acquisition of Christ in 2014
Introduced Peter Linzbach, former board member of Metro Cash & Carry Int., as Chairman and Anders Moberg, former CEO of IKEA, as NXD
3i facilitated introduction of new international retail partners
