IC Group
| Company type | Public |
|---|---|
| Industry | Fashion |
| Founded | 2001 |
| Headquarters | Copenhagen , Denmark |
| Products | Clothing, fashion brands |
| Website | www |
IC Group operates as a fashion enterprise headquartered in Copenhagen, Denmark.
History
IC Group originated in 2001 under the name IC Companys, formed through the consolidation of InWear Group A/S and Carli Gry International A/S. The InWear brand was created by Niels Martinsen in 1973, whereas Carli Gry's roots extend back to 1940 with a retail store in Copenhagen and the introduction of the Jackpot label in 1973. In 2002, IC Group expanded by acquiring Saint Tropez and introduced the O by Isabell Kristensen line, which was rebranded to Soaked in Luxury in 2006, alongside launching Designers Remix Collection. The acquisition of Tiger of Sweden followed in 2003, and By Malene Birger was established as a collaborative venture with designer Malene Birger.
In 2013, IC Group divested Jackpot and Cottonfield to Coop Danmark. The next year, it sold InWear, Matinique, Part Two, and Soaked in Luxury to DK Company, after which it adopted the IC Group name. Peak Performance was transferred to Amer Sports Corporation in June 2018. Subsequently, in January 2019, the Saint Tropez brand was sold to DK Company.
In May 2019, Friheden Invest A/S, the principal shareholder, proposed privatizing IC Group by purchasing all outstanding shares following Nordea Funds Ltd’s withdrawal from its investment.
By June 2019, IC Group commenced restructuring efforts and closed several stores within its Tiger of Sweden brand, projecting one-time expenses amounting to DKK 10 million for the fiscal year 2018/19.
Brands
- By Malene Birger
- Designers Remix
- Tiger of Sweden