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M. Goldschmidt Capital: Companies/investments

Imerco Holding A/S

Imerco is Denmark’s by far largest nation-wide housewares chain and currently has 155 stores. The Imerco Holding Group generates retail revenue totalling DKK 1.4 billion.

These years, Imerco is in the process of continuously expanding its market position as Denmark’s leading housewares chain and plans to grow to at least 180 stores across Denmark. Imerco aims to raise its market share from the current 30% to 40% of the specialty trade in Denmark.

In addition, Imerco holds the majority interest in the Danish design company erik bagger a/s, renowned for the popular glass and porcelain series designed by Erik Bagger for the Copenhagen Opera House Restaurants.

M. Goldschmidt Capital A/S is actively represented on Imerco’s board of directors to ensure efficient and timely implementation of the defined consolidation and growth strategy. The strategy comprises, among other things, an ongoing product range review and optimisation, enhanced concept development, investments and renewal of the stores as well as efficiency enhancements and improvement of the group’s procurement, logistics, human resources, IT and marketing to ensure all economies of scale associated with operating a major retail chain.

Imerco, which is an 82%-owned subsidiary of the M. Goldschmidt Holding Group, is extremely well-consolidated with equity of DKK 800 million. The group has 1,000 employees.

www.imerco.dk