Fashionable Development Europe AB

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Fashionable Development Europe AB - overview

Established

2012

Location

Gothenburg, -, Sweden

Primary Industry

Retail

About

Fashionable Development Europe AB is a jewelry design and manufacturing company, offering high-quality, environmentally-friendly jewelry solutions tailored for fashion-conscious consumers in Sweden and beyond. Fashionable Development Europe AB specializes in the design and manufacture of jewelry, primarily focusing on high-quality items crafted from genuine silver and gold. Founded in 2012 in Gothenburg, Sweden, the company has consistently targeted the fashion market, adapting its offerings to meet consumer demands. The company was acquired by Verdane Capital Advisors in October 2017, acquiring a majority stake, though specific financial terms remain undisclosed.


The founder, Niklas Fohlin, has been instrumental in the company's direction and growth. The company specializes in designing and manufacturing high-quality jewelry made from genuine silver and gold, primarily targeting fashion-conscious consumers. Their core product offerings include a diverse range of items, such as earrings, piercings, and hoops, which incorporate environmentally friendly materials, such as recycled silver and gold plating. These products are designed to appeal to customers looking for stylish yet sustainable jewelry options, suitable for various occasions, from casual wear to formal events.


The company serves a predominantly Swedish market, with a growing presence in Scandinavian and European regions, catering to both individual consumers and gift buyers. Through their focus on innovative designs, the brand aims to solve the problem of providing elegant jewelry choices that align with eco-conscious values. The company's revenue model is primarily built around direct-to-consumer sales, facilitated through their e-commerce platform. Customers can purchase items individually or take advantage of exclusive offers, such as promotions for birthdays, which enhance customer engagement and loyalty.


Pricing for the products includes items like the Recycled Safira Orange Marquise Hoops priced at 499 SEK and various piercings starting from 229 SEK, reflecting the brand's premium positioning in the jewelry market. The transactional structure is straightforward, with customers directly purchasing products online, leading to a streamlined shopping experience. Overall, the company’s focus on unique, sustainable jewelry positions it as a competitive player in the fashion accessories industry. Fashionable Development Europe AB is focusing on expanding its product line with new designs scheduled for release in the upcoming quarters, aiming to capture additional market segments.


The company plans to enter new geographic markets in Europe by 2025, enhancing its presence beyond Sweden. The recent acquisition by Verdane Capital Advisors will support these growth initiatives, as the funding will be utilized to bolster marketing efforts and product development to align with their expansion strategy.


Current Investors

Primary Industry

Retail

Sub Industries

Accessories, Retail

Website

www.safira.se

Verticals

E-commerce

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Fashionable Development Europe AB - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedFashionable Development Europe AB-

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Fashionable Development Europe AB - employee data

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Fashionable Development Europe AB - key contacts

NamePositionStart DateEnd DateVcardBio 
Chairman Of The Board Of DirectorsBM

BM Board Member

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