Finnish giant Fiskars has acquired 100 percent ownership of Royal Copenhagen from the previous owner the Danish private equity group, Axcel. Fiskars had to pay DKK 490 million to acquire the 237 year old royal porcelain brand, known for its hand-painted dinner service Flora Danica and Blue Fluted.
“I am proud to welcome Royal Copenhagen to our portfolio of esteemed brands, renowned for their quality, design, longevity and rich heritages. Fiskars’ ambition in the Home business is to become a globally leading consumer goods company in Scandinavian design, and we are excited to bring together a unique dining offering consisting of Royal Copenhagen’s Danish hand-painted dining, Rörstrand’s elegant Swedish dining, Arabia’s Finnish homey dining, and Iittala’s contemporary design. Along with its world-class craftsmanship, Royal Copenhagen brings to Fiskars 30 years of valuable experience of operating in Asia, which will support our growth strategy outside the Nordic markets,” said Kari Kauniskangas, President and CEO of Fiskars.
Royal Copenhagen has been for sale for a long time and numerous rumours has been buzzing, since Axcel last month sold another Danish design brand Georg Jensen to Bahrain-based alternative assetmanager Investcorp for DKK 809 million.
In 2004 Royal Copenhagen began to move its production to Thailand. Today only the Flora Danica dinner service is produced in Denmark.
Royal Copenhagens trademark symbolising the three waterways of Denmark