Litorina has signed an agreement to divest KungSängen, a leading direct-to-consumer bed specialist in Sweden, to a consortium with main financier being KAMJO Design & Hantverk.
KungSängen’s position in the market has been strengthened during Litorinas ownership by many improvements, such as modernizing the physical showrooms and improving e-commerce, integrated to enable true OMNI-channel experience.
KungSängen has been affected by several aspects related to the general economic development and downturn during last two years. The company has adapted to these changes and made the operations more resilient going forward, while continuing to deliver high-quality products and services to its customers.
The sale of KungSängen marks the 9th exit for the Litorina IV fund.
