On 26 June 2018 Harvey Int. Aktiebolag completed their sale of a majority stake in J.M Alsén Design AB to Holta Invest AS
J.M Alsén Design, the Swedish fashion company that owns the brand Morris Stockholm, is to be partly acquired by Holta Invest AS.
The Norwegian business daily cited Holta Invest's Managing Director Dag Teigland, who said that Holta Invest believes there is plenty of potential for Morris Stockholm in both Sweden, Norway and other international markets.
Holta Invest has acquired 60% of J.M. Alsén Design, while the founders Eva and Jan Alsén retain 40% through Harvey Int. Aktiebolag. J.M Alsén Design reported a 2017 turnover of SEK 160m (EUR 15.5m).
Aabø-Evensen & Co has acted as legal advisor to Holta Invest AS in connection with the transaction.
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