ILVA

Last updated
ILVA
Company typePrivate
Industry Retail
Founded Ishøj, Denmark (1974)
Area served
Northern Europe
Products Furniture
Owner IDdesign
Website ilva.dk

ILVA is a Danish chain of furniture stores, offering mostly Scandinavian-style bed-, dining- and living room products. The company was founded in 1974, and currently runs eight stores in the Nordic countries. It also had three stores in Britain for about two years, but these were forced to close down during the 2008 financial crisis.

Contents

The internationalisation of ILVA reverses the common trend of retail internationalisation offered by literature. ILVA, rather than making acquisitions of other stores, was acquired by Martin Toogood in 2003, with a view to internationalise into the UK. Martin Toogood believed that there was a gap in the UK middle market of furniture retailing.

History

The company started when Jorgen and Inger Linde opened a 10,000 m² warehouse south of Copenhagen in 1974 under the name of JL Møbler og Tæpper A/S . Three years later, it was renamed ILVA.

ILVA opened its first United Kingdom store in 2006. It planned to open stores close to existing IKEA stores in order to boost their customer base.

In July 2007 the Daily Telegraph reported that the company had run up losses of £11.5 million. [1]

The store was sold to the Icelandic retail group Rúmfatalagerinn in August 2007, [2] but losses continued to mount as the company was losing £2.33 for every £1 taken. [3]

In March and April 2008 their Manchester store was attacked by criminals firing ball bearings at the windows. There were two separate attacks which cost the business £10,000 due to the size of the windows which had been attacked. [4]

On 25 June 2008, ILVA placed its UK business into administration. [5] On 18 July 2008 the joint administrators announced that they had been unable to secure a buyer for the business after an interested party withdrew at the last minute and that all three stores would close over the following six to twelve weeks. A closing down sale started immediately to sell as much stock as possible. Recovery specialists Kroll brought the closing date forward as stock reduced. ILVA closed in the UK on Sunday 7 September 2008.

In February 2009 the Danish company IDdesign, who also owns the furniture chain IDEmøbler, bought ILVA with the objective to establish the leading furniture chain in Scandinavia. ILVA and IDEmøbler will continue as individual brands with individual management teams.

In March 2010 ILVA in Denmark opened a fourth furniture house, in Kolding, Jutland. Despite turbulent years, ILVA in Denmark remains a trend setting, major player in Danish furniture retail.

Operations

The company opened its first overseas store in Malmö, Sweden, in 2005, and in 2006 it opened three UK stores (in Manchester, Thurrock and Gateshead). Their first store in Iceland opened on 4 October 2008 in Reykjavík.

CountryOpening yearNumber
Flag of Denmark.svg  Denmark 197443
Flag of Sweden.svg  Sweden 20055
Flag of the United Kingdom.svg  United Kingdom 2006None as of 2008
Flag of Iceland.svg  Iceland 20083

See also

Related Research Articles

<span class="mw-page-title-main">IKEA</span> Swedish multinational retail conglomerate

Inter IKEA Systems B.V., trading as IKEA, is a Swedish multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances, decoration, home accessories, and various other goods and home services. Started in 1943 by Ingvar Kamprad and currently legally headquartered in the Netherlands, IKEA has been the world's largest furniture retailer since 2008. The brand used by the group is derived from an acronym that consists of the founder's initials, and those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd.

<span class="mw-page-title-main">Iceland (supermarket)</span> British supermarket chain

Iceland Foods Limited, trading as Iceland, is a British supermarket chain headquartered in Deeside, Wales. It mainly sells frozen foods, including prepared meals and vegetables, alongside non-frozen grocery items such as produce, meat, dairy and dry goods. The company also operates a chain of shops called The Food Warehouse.

<span class="mw-page-title-main">Debenhams</span> Defunct British department store chain, 1778–2021

Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland, and is still operating as a franchise in seven Middle East countries. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.

<span class="mw-page-title-main">MetroCentre (shopping centre)</span> Shopping centre in Gateshead, Tyne & Wear

MetroCentre is a shopping centre and entertainment complex in the Dunston area of Gateshead. It is located on the former site of Dunston Power Station, near to the River Tyne.

<span class="mw-page-title-main">Woolworths (United Kingdom)</span> British retail company (1909–2009)

Woolworths was a British high-street retail chain. At its height, it operated as Woolworths Group PLC, which included other companies such as the entertainment distributor Entertainment UK, and book and resource distributor Bertram Books.

<span class="mw-page-title-main">British Home Stores</span> Former British department store chain

British Home Stores, commonly abbreviated to BHS and latterly legally styled BHS Ltd, was a British department store chain, primarily selling clothing and household items. In its later years, the company began to expand into furniture, electronics, entertainment, convenience groceries and fragrance and beauty products.

<span class="mw-page-title-main">GUS (retailer)</span> Former British retail, manufacturing and finance conglomerate

GUS plc was a FTSE 100 retailing, manufacturing and financial conglomerate based in the United Kingdom. GUS was an abbreviation of Great Universal Stores, the company's name before 2001, while it was also known as the Glorious Gussies amongst stockbrokers. The company started out as Universal Stores, a mail order business created by the Rose family. In 1931, Isaac Wolfson joined the mail order company and would, through a series of takeovers, turn it into a retail, manufacturing and financial conglomerate, becoming Europe's biggest mail order firm and with over 2,700 physical stores. His son, Leonard Wolfson, followed him as chairman, to be succeeded by his nephews David Wolfson (1996–2000) and Victor Barnett (2000–2002). During the 1980s, the business divested much of its physical retail and manufacturing subsidiaries under Leonard Wolfson to concentrate on mail order, property and finance. In October 2006, the company was split into two separate companies: Experian which continues to exist, and Home Retail Group which was bought by Sainsbury's in 2016.

Netto is a Danish discount supermarket operating in Denmark, Germany and Poland. Netto is owned by Salling Group.

<span class="mw-page-title-main">Allders</span> British department store

Allders was an independent department store operating in the United Kingdom.

<span class="mw-page-title-main">Big-box store</span> Physically large retail establishment

A big-box store is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store. The term "big-box" references the typical appearance of buildings occupied by such stores.

Habitat is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.

<span class="mw-page-title-main">MFI Group</span> Defunct British furniture retailer

MFI Group Limited was a British furniture retailer, operating under the MFI brand. The company was one of the largest suppliers of kitchens and bedroom furniture in the United Kingdom, and operated mainly in retail parks in out of town locations. Anecdotally, it was said at one stage that one in three Sunday lunches in the United Kingdom were cooked in a kitchen from MFI, and 60% of British children were conceived in a bedroom from MFI.

<span class="mw-page-title-main">Clas Ohlson</span>

Clas Ohlson is a Swedish home improvement chain and mail-order firm that specialises in hardware, home, leisure, electrical and multimedia products. It is one of the biggest of its type in Scandinavia, with more than 230 Clas Ohlson stores as of May 2020. Stores also exist in Norway and Finland. Many of the products sold in the stores are own-label items. The company uses the house brands of Asaklitt, Capere, Cocraft, Cotech, Coline, Exibel and Clas Ohlson.

<span class="mw-page-title-main">Jysk</span> Danish retail company

Jysk A/S is a Danish retail chain, selling household goods such as mattresses, furniture, and interior décor. Jysk is the largest Danish retailer operating internationally with over 3,100 stores in 51 countries. Jysk was founded by Lars Larsen, who opened the first store on Silkeborgvej in the Danish city of Aarhus in April 1979. It is owned by the founder Lars Larsen's family through the holding company Lars Larsen Group which also owns wholly or partly the furniture chains ILVA, IDÉmøbler, IDdesign, Bolia.com, and Sengespecialisten. The logo displays a goose, which has a historical thread to the brand. Due to the Scandinavian design for its products, it is also called the Danish IKEA in a small format.

<span class="mw-page-title-main">Best Buy Europe</span> Consumer electronics joint venture, 2008 to 2012

Best Buy Europe Distributions Ltd. was a retail joint venture owned by the United States based electronics retailer Best Buy Inc and United Kingdom based mobile phone retailer Carphone Warehouse. The company was formed by Best Buy's purchase of 50% of The Carphone Warehouse's retail division in May 2008. Best Buy branded superstores opened in the United Kingdom beginning on April 30, 2010, with a store in Thurrock, Essex. Best Buy was due to open its first stores in the United Kingdom in 2009, but in March 2009, the firm postponed this until 2010, with plans for up to two hundred stores eventually. Carphone originally intended to open up to two hundred Big Box stores in Europe by 2013, but this goal was reduced to one hundred. On November 6, 2011, Carphone Warehouse announced its intention to close the eleven Best Buy "big box" format stores. On 14 January 2012, the Best Buy Europe joint venture was discontinued, with all eleven stores and the transactional website (www.bestbuy.co.uk) closing on that day.

<span class="mw-page-title-main">Modelzone</span> British scale model brand and former high street model retail chain

Modelzone is a scale model brand owned by British retailer WHSmith, of scale models and related products are sold in WHSmith stores and online.

IDEmøbler is a Danish chain of furniture stores, founded in 1969. In some countries, it is known by the name of its holding company IDesign. The company runs over 30 stores in Denmark and has subsidiaries and affiliates in the Nordic countries and the Middle East. For a long time, IDEmøbler's parent company was called IDdesign A/S, which in addition to IDEmøbler operated ILVA in Denmark and Sweden, as well as IDdesign in Europe and the Middle East. In 2019, the chain was merged with ILVA.

<span class="mw-page-title-main">Netto UK</span> Former discount supermarket chain

Netto was a discount supermarket chain in the United Kingdom. Netto arrived in the United Kingdom in December 1990, as part of an internationalisation process by its Danish owner, Salling Group. By May 2010, it operated 193 stores, before it was sold to Asda. In June 2014, Salling Group returned Netto to the United Kingdom, as a 50:50 joint venture with Sainsbury's.

<span class="mw-page-title-main">Retail apocalypse</span> 2010s decline in American retail stores

Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.

<span class="mw-page-title-main">Furniture retailer</span>

A furniture retailer, furniture store or furniture shop is a retail businesses that sells furniture and related accessories. Furniture retailers usually sell general furniture, seats and upholstered suites, and specialised items produced for a commission. They may sell a range of styles to suit different homes and personal tastes, or specialise in particular styles like retro style furniture.

References

  1. Fletcher, Richard (2007-07-24). "ILVA lost £11.5m before opening". Daily Telegraph . Telegraph Media Group. Retrieved 2008-08-09. ILVA, the troubled furniture chain, ran up losses of £11.5m before it had even opened the doors of its first UK store. Accounts filed at Companies House last week by the group's UK subsidiary provide an insight into ILVA's difficulties. The retailer parted company with chief executive Martin Toogood earlier this year. The group's private equity backer Advent International - which has invested more than £50m in the business during the past three years - has refused to invest any more money in the retailer.[ dead link ]
  2. Fletcher, Richard (2007-08-02). "ILVA sold to Icelandic furniture group". Daily Telegraph . Telegraph Media Group. Retrieved 2008-08-09. ILVA, the troubled furniture retailer, has been sold to an Icelandic furniture group which owns rival UK furniture retailer The Pier. Rúmfatalagerinn has bought a majority stake in ILVA, which owns seven stores in Denmark, the UK and Sweden, for an undisclosed sum. The Icelandic group has an option to acquire the remaining shares.[ dead link ]
  3. Fletcher, Richard (2008-01-13). "ILVA racks up £2.33 loss for every £1 taken". Sunday Telegraph . Telegraph Media Group. Archived from the original on 2008-01-21. Retrieved 2008-08-09. ILVA, the furniture retailer, lost £2.33 for every £1 spent in its stores last year, racking up total losses of £62m.
  4. "Attacks Cost Store £10,000". Manchester Evening News. 2008-04-10. Retrieved 2008-08-09.
  5. Hawkes, Steve (2008-06-26). "Ilva places its UK business into administration". The Times . London: News International . Retrieved 2008-08-09. A Danish furniture chain that vowed to take on Ikea when it entered the UK two years ago has become the latest victim of the credit crunch. Ilva said it had appointed Kroll, the corporate recovery specialist, as administrator of its UK business in a move that leaves 400 jobs hanging in the balance. The Reading-based business runs three out-of-town stores, in Thurrock, Gateshead and Manchester. It arrived with a fanfare in 2006 and said it would rival John Lewis by the end of the decade. However, results published this year showed that the business made a £62 million loss on £26 million of sales in the year to April 2007.