Danish jewellery design company, Dyrberg/Kern, closed its doors for good on May 1st, 2019. After 29 years in the game, the company had to declare bankruptcy.
“They have been a large part of the Scandinavian [jewellery] market and it is really unfortunate to see them closing their doors,” said Pernille Møbjerg Knudsen: co-founder of The Jewellery Room and passionate advocate for Scandinavian jewellery.
With a shared passion for both each other and the creative arts, Gitte Dyrberg and Henning Kern founded their business in 1990. Dyrberg and Kern had started their journey as a couple after having met at The School of Applied Arts, now known as The Danish Design School.
Their jewellery company thrived for many years and had several subsidiaries in various locations in Europe, and even one in China.
When the financial crisis hit in 2008 however, Dyrberg/Kern struggled to move past the financial downfall.
Fast-forward to 2018, and the company was DKK 39.5 million in debt. After a last-ditch attempt to change business strategy, the effects of the financial crisis alongside of a few poor investment choices, brought the company to its knees, a source shared with ISB.
Well prepared for bankruptcy
On Monday April 29th, two days before it became official, 15 Dyrberg/Kern employees were notified of the impending bankruptcy.
“They are now suspended and we will release them [from their work duty] in the near future. We do, however, need some help from some of the employees, and we are currently reaching out to those people now,” said lawyer Morten Hans Jakobsen, from Gorissen Federspiel.
Jakobsen also told DR that they are planning to continue selling Dyrberg/Kern’s jewellery line as part of the bankruptcy estate through a partnership with Fashion Shopping, who up until now has handled Dyrberg/Kern’s webshop.
Fashion Shopping represents an array of Danish textile, lingerie and jewellery stores online, but their journey collaborating with Dyrberg/Kern is now coming to an end, and employees at the Fashion Shopping’s warehouse have been informed of this.
"We have been told that we have to close the website and stop all sale of the [Dyrberg / Kern] jewellery line. Now it is not long before they come and pick up the last jewellery that we have in store." Anika Særkjær from Fashion Shopping told ISB.
We believe that information should be free and will therefore never put up a paywall.
If you like reading our reports about the Scandinavian business scene and would like to donate towards the upkeep of the site, we would be very grateful. Click here to donate.
Tech | 🕐 02. Jul. 2020
Business | 🕐 03. Jul. 2020
Business | 🕐 01. Jul. 2020
Startups | 🕐 13. Apr. 2020
Game Development | 🕐 18. Feb. 2020
Startups | 🕐 17. Apr. 2020
Startups | 🕐 27. Apr. 2020
Tech | 🕐 26. Feb. 2020
Tech | 🕐 24. Feb. 2020