J.Lindeberg USA fully owned by the J.Lindeberg group
July 9, 2011
J.Lindeberg has acquired People's Liberation's 50% ownership in J.Lindeberg USA LLC. As a result, the US wholesale business and the J.Lindeberg stores in New York, Los Angeles and Miami are now fully-owned by the J.Lindeberg group.
"The US is already an important market for J.Lindeberg and one with a lot of opportunities yet to be exploited. It is a natural development that we now choose to operate it through a 100-percent owned subsidiary the same way as we do in the UK, Scandinavia and Central Europe. I would like to thank our joint venture partner for making a smooth transition of the US business back to J.Lindeberg. Our intention is to keep the momentum of the strong golf sales and put bigger focus on fashion wholesale", says group CEO Jonas Meerits.
The company has appointed Erik Ulin as new Managing Director of J.Lindeberg’s US business.