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IC Group

Full company profile

uuid000hjla

Namestring
IC Group
Legal namestring
IC Group A/S
Websiteurl
icgroup.net
Company typeenum
Private
Founded yearint
2001
Descriptiontext

IC Group A/S is a privately-held Danish fashion holding company that owns and operates two wholly-owned Scandinavian fashion brands — Tiger of Sweden, a Swedish contemporary clothing and accessories brand for men and women based in Stockholm, and By Malene Birger, a Danish elegant women's fashion brand based in Copenhagen. The company is the parent vehicle through which both brands operate their respective retail, wholesale, and direct-to-consumer channels in Denmark, Sweden, and broader European markets.

The company was previously publicly listed on Nasdaq Copenhagen but was taken private on 2 August 2019 after Friheden Invest A/S completed a voluntary tender offer, accumulated 91.18% of share capital and voting rights, and executed a compulsory redemption of remaining minority shares. Following delisting, IC Group operates as a 100%-owned subsidiary of Friheden Invest A/S, a holding and investment vehicle. Its corporate website now serves only as an archive for historical investor relations documents and corporate social responsibility reporting, with no active investor relations function.

Headcount is reported in the 1,001–5,000 employee band, consistent with the operation of two distinct fashion houses with separate design, retail, and wholesale functions. IC Group's stated functional focus is on managing complex fashion supply chains responsibly and addressing sustainability challenges in the fashion industry through annual corporate responsibility reporting; it publishes annual Corporate Responsibility Communications on Progress (COP) and data ethics statements through fiscal year 2024/25. The company's revenue model, pricing, customer segmentation, and underlying technology stack are not disclosed in the available data; revenue is implicitly derived from fashion retail and wholesale sales across the two brands.

Short descriptiontext

IC Group A/S is a privately-held Danish fashion holding company that owns and operates two Scandinavian fashion brands, Tiger of Sweden and By Malene Birger, serving consumers across European markets through brand-controlled retail and wholesale channels since its 2019 delisting from Nasdaq Copenhagen.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersCopenhagen, Denmark
HQ citystring
Copenhagen
HQ countrystring
Denmark
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
fashion apparel, contemporary clothing, Scandinavian fashion brands, women's fashion, men's fashion
NAICS code3 codes
  • Apparel Accessories and Other Apparel Manufacturing31599
  • Clothing and Clothing Accessories Retailers45811
  • Management of Companies and Enterprises55111
Product category
Fashion and Apparel
Social media profiles1 record
Cost components5 values
Supply Chain, Personnel, Operations, Marketing or Sales, Others
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

IC Group A/S is a Danish fashion holding company that owns and operates two wholly-owned fashion brands: Tiger of Sweden, a Swedish contemporary fashion brand offering clothing and accessories for men and women, and By Malene Birger, a Danish brand specializing in elegant women's clothing and accessories. The company manages each brand as a separate fashion line with its own identity, retail presence, and customer base, with stated focus on corporate social responsibility and sustainable supply chain practices.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

IC Group A/S is a fashion retail holding company that operates two distinct sub-brands: Tiger of Sweden (a Swedish contemporary fashion brand) and By Malene Birger (a Danish elegant women's fashion brand). The company manages these brands as separate fashion lines with their own distinct identities, retail presence, and customer bases.

Product and service2 records
1Tiger of Sweden
CategoryFashion brand (menswear and womenswear)
Description

Swedish contemporary fashion brand offering clothing and accessories for men and women, sold through Tiger of Sweden's own retail and online channels.

2By Malene Birger
CategoryFashion brand (women's wear)
Description

Danish fashion brand specializing in elegant women's clothing and accessories, sold through By Malene Birger's own retail and online channels.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Peers10 records
1Capri Holdings Limited
TypeBroad incumbent
Description

US-listed multi-brand fashion holding (Michael Kors, Versace, Jimmy Choo); comparable business model as a multi-brand fashion group pursuing premium positioning across distinct labels.

2Bestseller A/S
TypeDirect peer
Description

Danish privately-held multi-brand fashion holding (Vero Moda, Jack & Jones, Only, Selected) with comparable Scandinavian roots, multi-brand portfolio model, and similar B2B plus DTC distribution mix.

3Ganni A/S
TypeDirect peer
Description

Danish contemporary women's fashion brand with comparable Scandinavian design heritage, mid-premium price positioning, and strong DTC and wholesale presence.

4& Other Stories (H & M Hennes & Mauritz AB)
TypeDirect peer
Description

Women's contemporary fashion label under H&M group with Parisian/Scandinavian design cues, overlapping customer with By Malene Birger and similar price architecture.

5Marimekko Oyj
TypeRegional player
Description

Finnish listed design house with a single signature brand, apparel and accessories assortment, and similar Nordic design heritage — comparable as a regional premium lifestyle brand peer.

6COS (H & M Hennes & Mauritz AB)
TypeDirect peer
Description

Premium contemporary sub-brand of H&M offering minimalist apparel for men, women, and children; competes head-to-head with Tiger of Sweden in the design-led, mid-premium segment.

7Acne Studios AB
TypeDirect peer
Description

Swedish privately-held premium contemporary fashion house with strong menswear and womenswear collections, Scandinavian design DNA, and similar wholesale plus DTC mix.

8Stine Goya ApS
TypeRegional player
Description

Danish independent contemporary women's fashion brand with shared Copenhagen base, similar design-led positioning, and overlapping wholesale and DTC customers with By Malene Birger.

9H & M Hennes & Mauritz AB
TypeBroad incumbent
Description

Swedish global fast-fashion incumbent that also operates premium/contemporary sub-brands (COS, & Other Stories, Arket) directly competing with Tiger of Sweden and By Malene Birger's segment and geography.

10LVMH Moët Hennessy Louis Vuitton SE
TypeBroad incumbent
Description

Global luxury multi-brand fashion conglomerate; sets the strategic benchmark for brand-house structures and demonstrates the scaling trajectory a multi-brand Scandinavian fashion holding can pursue.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

IC Group

Fashion and Apparelicgroup.net

IC Group A/S is a privately-held Danish fashion holding company that owns and operates two Scandinavian fashion brands, Tiger of Sweden and By Malene Birger, serving consumers across European markets through brand-controlled retail and wholesale channels since its 2019 delisting from Nasdaq Copenhagen.

What IC Group does

IC Group A/S is a privately-held Danish fashion holding company that owns and operates two wholly-owned Scandinavian fashion brands — Tiger of Sweden, a Swedish contemporary clothing and accessories brand for men and women based in Stockholm, and By Malene Birger, a Danish elegant women's fashion brand based in Copenhagen. The company is the parent vehicle through which both brands operate their respective retail, wholesale, and direct-to-consumer channels in Denmark, Sweden, and broader European markets.

The company was previously publicly listed on Nasdaq Copenhagen but was taken private on 2 August 2019 after Friheden Invest A/S completed a voluntary tender offer, accumulated 91.18% of share capital and voting rights, and executed a compulsory redemption of remaining minority shares. Following delisting, IC Group operates as a 100%-owned subsidiary of Friheden Invest A/S, a holding and investment vehicle. Its corporate website now serves only as an archive for historical investor relations documents and corporate social responsibility reporting, with no active investor relations function.

Headcount is reported in the 1,001–5,000 employee band, consistent with the operation of two distinct fashion houses with separate design, retail, and wholesale functions. IC Group's stated functional focus is on managing complex fashion supply chains responsibly and addressing sustainability challenges in the fashion industry through annual corporate responsibility reporting; it publishes annual Corporate Responsibility Communications on Progress (COP) and data ethics statements through fiscal year 2024/25. The company's revenue model, pricing, customer segmentation, and underlying technology stack are not disclosed in the available data; revenue is implicitly derived from fashion retail and wholesale sales across the two brands.

IC Group firmographics

Firmographics
Name
IC Group
Legal name
IC Group A/S
Website
https://icgroup.net
Company type
Private
Founded year
2001
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
IC Group A/S is a privately-held Danish fashion holding company that owns and operates two Scandinavian fashion brands, Tiger of Sweden and By Malene Birger, serving consumers across European markets through brand-controlled retail and wholesale channels since its 2019 delisting from Nasdaq Copenhagen.
Ownership category
akta.pro rank

Where IC Group is headquartered

Location

Headquarters

HQ city
Copenhagen
HQ country
Denmark
HQ region
Europe

Markets served

IC Group business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Marketing or Sales, Others

IC Group product offering

Product offering

Core offering

IC Group A/S is a Danish fashion holding company that owns and operates two wholly-owned fashion brands: Tiger of Sweden, a Swedish contemporary fashion brand offering clothing and accessories for men and women, and By Malene Birger, a Danish brand specializing in elegant women's clothing and accessories. The company manages each brand as a separate fashion line with its own identity, retail presence, and customer base, with stated focus on corporate social responsibility and sustainable supply chain practices.

Product overview

IC Group A/S is a fashion retail holding company that operates two distinct sub-brands: Tiger of Sweden (a Swedish contemporary fashion brand) and By Malene Birger (a Danish elegant women's fashion brand). The company manages these brands as separate fashion lines with their own distinct identities, retail presence, and customer bases.

Differentiator

Problem solved

Functional benefit

Products and services

  • Tiger of Sweden Swedish contemporary fashion brand offering clothing and accessories for men and women, sold through Tiger of Sweden's own retail and online channels.
  • By Malene Birger Danish fashion brand specializing in elegant women's clothing and accessories, sold through By Malene Birger's own retail and online channels.

Companies that use IC Group

Customer profile

Ideal customer profiles2 records

IC Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

IC Group partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves4 records

IC Group competitors and assessment

Company assessment

Broad incumbents

  • Capri Holdings Limited: US-listed multi-brand fashion holding (Michael Kors, Versace, Jimmy Choo); comparable business model as a multi-brand fashion group pursuing premium positioning across distinct labels.
  • H & M Hennes & Mauritz AB: Swedish global fast-fashion incumbent that also operates premium/contemporary sub-brands (COS, & Other Stories, Arket) directly competing with Tiger of Sweden and By Malene Birger's segment and geography.
  • LVMH Moët Hennessy Louis Vuitton SE: Global luxury multi-brand fashion conglomerate; sets the strategic benchmark for brand-house structures and demonstrates the scaling trajectory a multi-brand Scandinavian fashion holding can pursue.

Direct peers

  • Bestseller A/S: Danish privately-held multi-brand fashion holding (Vero Moda, Jack & Jones, Only, Selected) with comparable Scandinavian roots, multi-brand portfolio model, and similar B2B plus DTC distribution mix.
  • Ganni A/S: Danish contemporary women's fashion brand with comparable Scandinavian design heritage, mid-premium price positioning, and strong DTC and wholesale presence.
  • & Other Stories (H & M Hennes & Mauritz AB): Women's contemporary fashion label under H&M group with Parisian/Scandinavian design cues, overlapping customer with By Malene Birger and similar price architecture.
  • COS (H & M Hennes & Mauritz AB): Premium contemporary sub-brand of H&M offering minimalist apparel for men, women, and children; competes head-to-head with Tiger of Sweden in the design-led, mid-premium segment.
  • Acne Studios AB: Swedish privately-held premium contemporary fashion house with strong menswear and womenswear collections, Scandinavian design DNA, and similar wholesale plus DTC mix.

Regional players

  • Marimekko Oyj: Finnish listed design house with a single signature brand, apparel and accessories assortment, and similar Nordic design heritage — comparable as a regional premium lifestyle brand peer.
  • Stine Goya ApS: Danish independent contemporary women's fashion brand with shared Copenhagen base, similar design-led positioning, and overlapping wholesale and DTC customers with By Malene Birger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

IC Group social profiles

Digital presence

IC Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

IC Group leadership team

Management profile

Number of profiles

IC Group subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

IC Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

IC Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IC Group

What does IC Group do?

IC Group A/S is a Danish fashion holding company that owns and operates two wholly-owned fashion brands: Tiger of Sweden, a Swedish contemporary fashion brand offering clothing and accessories for men and women, and By Malene Birger, a Danish brand specializing in elegant women's clothing and accessories. The company manages each brand as a separate fashion line with its own identity, retail presence, and customer base, with stated focus on corporate social responsibility and sustainable supply chain practices.

Is IC Group a public or private company?

IC Group is a private company. It is classified as corporate owned and is currently operating.

When was IC Group founded?

IC Group was founded in 2001. It employs 1,001 to 5,000 people.

Where is IC Group based?

IC Group is headquartered in Copenhagen, Denmark, in the Europe region.

Who are IC Group's main competitors?

Broad incumbents on record are Capri Holdings Limited, H & M Hennes & Mauritz AB and LVMH Moët Hennessy Louis Vuitton SE. Direct peers are Bestseller A/S, Ganni A/S, & Other Stories (H & M Hennes & Mauritz AB), COS (H & M Hennes & Mauritz AB) and Acne Studios AB. Regional players are Marimekko Oyj and Stine Goya ApS.

Does IC Group have an API?

No public API is recorded for IC Group.

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Live signals
GlobeNewswireNasdaq Copenhagen A/S accepts IC Group A/S’ request for delisting and cancellation from trading of the company's sharesNasdaq Copenhagen accepted IC Group A/S's request to delist and cancel trading of its shares. The last day of trading will be 2 August 2019, following a compulsory redemption initiated by Friheden Invest A/S.GlobeNewswireNOTICE ON COMPULSORY ACQUISITION TO THE SHAREHOLDERS OF IC GROUP A/SFriheden Invest will compulsorily acquire remaining IC Group shares at DKK 39 per share, with a 4-week deadline expiring 2 August 2019. The price equals the voluntary offer price, and dissenting shareholders may request an expert valuation. Untransferred shares will be acquired after the deadline.GlobeNewswireMajor shareholder notice regarding IC Group A/SFriheden Invest A/S completed a cash offer on 5 July 2019, acquiring 817,226 shares of IC Group A/S. The acquisition gave the shareholder approximately 5.38% of the company, bringing its total stake to about 91.18% of voting rights.GlobeNewswireAnnouncement regading the result of Friheden Invest A/S's voluntary public offer to the shareholders of IC Group A/SFriheden Invest A/S completed its public offer to IC Group A/S shareholders, receiving acceptances for 817,226 shares (5.38% of capital) and obtaining 91.18% of voting rights. The offer will be settled in cash by 8 July 2019, and the company will redeem remaining shares and delist IC Group.GlobeNewswireFinancial calendar for the financial year 2019/20IC Group A/S set its financial calendar for 2019/20, including the annual general meeting on 26 September 2019 and the 2020 AGM on 24 September 2020. Trading statements for Q1 and Q3 will be announced instead of interim reports, with financial statements released after 5 p.m. on each date.GlobeNewswireInterim report for the period 1 July 2018 to 31 December 2018IC Group reported Q2 2018/19 revenue of DKK 271 million, up 1.1% year-over-year, with operating profit of DKK 2 million before non-recurring costs. The group expects a minor revenue reduction and an EBIT margin of 1-2% for the full year, after divesting Saint Tropez to DK Company A/S.GlobeNewswireClosing of the Saint Tropez sale completedIC Group A/S announced the sale of Saint Tropez to DK Company A/S has been completed. The announcement states the sale will have no impact on the Group's outlook for the financial year 2018/19, which was most recently updated on 28 January 2019.GlobeNewswireIC Group has divested Saint Tropez to DK Company A/SIC Group agreed to sell Saint Tropez to DK Company A/S, closing by 31 January 2019. The sale is expected to cause a DKK 70 million accounting loss, with DKK 55 million in H1 2018/19 and DKK 15 million in Q3 2018/19. Continuing operations will see minor revenue reductions and lower EBIT margins.GlobeNewswireIC Group has divested all of its shares in Designers Remix A/SIC Group divested its 51% stake in Designers Remix to Hesselbjerg Holding, controlled by Niels and Charlotte Eskildsen. The sale means Designers Remix will be classified as discontinued operations in the H2 2018/19 interim report, expected on 6 February 2019. The group expects flat revenue and an EBIT margin of 0-1% before transformation costs.GlobeNewswireShare capital and voting rights of IC Group A/SIC Group A/S announced its nominal share capital of DKK 151,933,070, divided into 15,193,307 shares of DKK 10 each. Since the share capital is distributed on one share class, the number of voting rights equals the number of shares.