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March 06, 2015 3:04 PM ET

Specialty Retail

Company Overview of JYSK Holding A/S

Company Overview

JYSK Holding A/S operates a chain of furniture retail stores. It offers bedroom, bathroom, and living room furniture, as well articles for windows and patios. It operates stores in Germany, Austria, Denmark, Norway, Sweden, Finland, Poland, Czech Republic, Hungary, the Netherlands, Slovakia, the United Kingdom, Slovenia, Croatia, Bosnia-Herzegovina, China, Serbia, Ukraine, Romania, Bulgaria, Switzerland, France, Italy, and Spain. The company also has franchise stores in Greenland, The Faroe Islands, Iceland, Canada, Latvia, Lithuania, Estonia, Kosovo, Kazakhstan, Macedonia, Armenia, Indonesia, and Montenegro. JYSK Holding A/S was founded in 1979 and is based in Brabrand, Denmark.

Soedalsparken 18

Brabrand,  8220

Denmark

Founded in 1979

Phone:

45 89 39 75 00

Fax:

45 89 39 75 01

Key Executives for JYSK Holding A/S

Managing Director
Founder, Owner and Chairman
Communications & CSR Director
Compensation as of Fiscal Year 2014.

JYSK Holding A/S Key Developments

JYSK Opens New Store in Montenegro

JYSK has opened a new store in Montenegro. Shoppers in 37 countries around the world can now find great Scandinavian offers. The first JYSK store has just opened in Montenegro, in the country's city, Niksic. JYSK Montenegro will be operated by a local franchisee who already has a wealth of experience in the country's retail industry, as he owns eight supermarkets with the name Hard Discount Lakovic. The next JYSK store in Montenegro is set to open in the next few months, and more stores are expected to open in the country, which has 600,000 inhabitants. The first JYSK store in Montenegro has a sales area of 750 square meters.

Jysk Reports Earnings Results for the Year Ended 2013

Jysk reported earnings results for the year ended 2013. The company generated a profit of CZK 63.7 million in the business year 2013, a drop of 63% from the previous fiscal year, and sales remained unchanged at CZK 1.69 billion.

JYSK Expands Portfolio with Three Former Dreams Stores

JYSK has taken on three former Dreams stores in Bournemouth, Grantham and Pontefract, taking its total number of stores in the UK to 10. The retailer seeks to double its number of UK stores within the next 12 months. In Bournemouth it has taken a 5,000 sq ft store on Orchard Street's Mallard Retail Park, paying a rent of £80,000 a year on a new 10 year lease, with a tenant break at year five. In Pontefract it has signed to open a 6,000 sq ft store at Kruig Property Investment's South Baileygate Retail Park, paying a rent of £48,000 a year on a new 10 year lease, again with a break during the fifth year. In Grantham it will open a 7,200 sq ft store on Grantham Ryecroft's property at 56 London Road, paying £86,400 a year on a new 10 year lease, with a break in the fifth year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 4, 2014
SengeSpecialisten A/S
 

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