Lagerinn, the main shareholder of ILVA A/S, has sold the company's stores and activities in Denmark and Sweden to IDdesign. Financial details have not been disclosed.
ILVA is the second largest furniture retailer in Denmark with stores in Denmark, Sweden and Iceland. ILVA has about 360 employees and an annual turnover of US$105 million.
Headquartered in Sabro, Denmark, the IDdesign group is the largest retailer in Denmark within the furniture and home decoration sector, and holds a position as one of the largest furniture companies in Scandinavia. Since the opening of the first IDEmøbler store in 1969, the IDdesign brand has become the most recognizable furniture lifestyle brand in Denmark.
Oaklins' team in Denmark was retained as the strategic and financial advisor to Lagerinn, the main shareholder of ILVA, in connection with their sale of ILVA.
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