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Announced

Completed

Egmont Publishing completed the acquisition of Royal Design Gro0up from Verdane and eEquity.

Synopsis

Egmont Publishing, an e-commerce company, completed an investment in Royal Design Group, a home furnishing company, from private equity firms Verdane and eEquity. ”We have been following RoyalDesign’s growth journey with interest over the past several years. It has been our intention to expand our position in the home and interiors e-commerce category, an area where Egmont Publishing has a lot of experience of helping our suppliers build strong brands by combining visual inspiration and shopping into qualitative customer experiences for consumers. As such, RoyalDesign is a perfect fit our portfolio. We look forward to supporting RoyalDesign’s continued development and growth through our long-term and active ownership,” Torsten Bjerre Rasmussen, Egmont Publishing CEO.

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