Swiss group Bucherer has recently made another acquisition, this time acquiring Danish watches and jewellery retailer Klarlund. This follows Bucherer’s previous purchase of Leeds & Son in the United States earlier this year. The deal is set to be finalized on January 4th, with the exact value of the transaction remaining undisclosed.

By acquiring Klarlund, Bucherer will expand its customer base and supplement its existing presence in the Copenhagen department store, Illum. Klarlund, which was founded in 1947, quickly became a popular destination for watch and jewellery enthusiasts in Denmark. The company currently operates two stores and a service centre, which is the largest certified facility of its kind in Scandinavia.

This acquisition aligns well with Bucherer’s interests, as the company is passionate about both watches and jewellery. Bucherer considers Klarlund’s expertise in jewellery to be a valuable asset that will contribute to its growth targets in this segment. The CEO of Bucherer Group, Guido Zumbühl, expressed his admiration for Klarlund’s history and achievements and emphasized the intention to leverage the expertise of Klarlund’s current staff as the two companies move forward together.

Morten Pitzner, president of Pitzner Foundation, the owner of Pitzner Gruppen Holding, expressed satisfaction with the sale to Bucherer. Pitzner believes that Bucherer brings the expertise and understanding that they have been seeking, as well as offering a strong international partnership that aligns with their shared values.

This acquisition is part of Bucherer’s strategy to strengthen its presence in Denmark. The company entered the Danish market in 2016 with a boutique at the Illum department store. Bucherer, based in Lucerne, Switzerland, has been expanding its operations through significant acquisitions in recent years. This includes the purchase of British luxury watches retailer The Watch Gallery and the merger with Tourneau, the largest luxury watches retailer in the US. With its latest acquisition, Bucherer solidifies its position as a leading player in the global luxury watch and jewellery market.

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