New Wave Group Annual Report 2023 | Page 14

NWG // IN THE WORLD
USA 23 %
I n t e r n a t i o n a l t r a d e m a r k s

New Wave Group in the world

New Wave Group has evolved from a market-leading player in the Nordic countries to a prominent player in several other markets . This applies to all operating segments . The Group works with strong international brands such as Craft , Cutter & Buck , Orrefors and Kosta Boda .

The Group ’ s business strategy entails launching brands and developing concepts on new markets . In connection with international establishments , the company ' s tactics are initially only to process the promo market with one or a few of the Group ' s brands . Business must be conducted with low costs to limit the financial risks . When satisfactory profitability and good growth have been achieved , more promo brands can be launched and the retail market targeted . If distributors handle the launches , retail launches can be carried out without promo launches . New Wave Group has regularly invested a share of its operating profits in new markets . New Wave Group currently has subsidiaries in 19 countries and has carried out 200 launches under its existing brands .

Sales activity in own subsidiaries Sweden , Belgium , Denmark , Finland , France , Iceland , Ireland , Italy , Canada , China , The Netherlands , Norway , Poland , Switzerland , Spain , UK , Germany , USA and Austria .
Own purchasing offices Switzerland ( Cortaillod ), China ( Shanghai ), Bangladesh ( Dhaka ), Vietnam ( Ho Chi Minh City ), India ( Bangalore ) and Egypt ( Alexandria ).
Share of net sales
014 // ANNUAL REPORT