modebranchen.NU NU International June 2019 | Page 38

SOLID DK Company takes over two menswear brands The two Danish menswear brands Solid and Tailored & Originals have joined the DK Company portfolio, which now counts 22 brands. BY HELLE MATHIESEN In May, DK Company signed an agreement of ta- king over the main part of the activities in CNS Group. Group CEO Jens Poulsen: - Unfortunately CNS Group was in a situa- tion where they have lost a significant German customer with the result that the company was declared bankrupt. We know CNS Group as good colleagues and they are deeply respected for the business they have built. Therefore, we were happy to announce that we were able to take over the activities in May 2019. DK Company also acquired the two wo- menswear brands Desires and Peppercorn from CNS Group but after only one week, the two brands were sold to another Danish fashion company: Minus. - DK Company already covers a wide range of women's segments and the strategic conside- rations in connection with the acquisition of the CNS Group were mainly focused on the two menswear brands, Solid and Tailored & Origi- nals, Jens Poulsen explains. INCREASED FOCUS ON MENSWEAR For quite some time DK Company has been looking for an option to increase their business within menswear. - Before the new acquisition, we had 17 female brands and three male brands: Matinique, Ca-