Watch licensor Jacob Jensen receives backing from IT billionaire

Jobindex founder and IT billionaire Kaare Danielsen (PRNewsfoto/JACOB JENSEN DESIGN)

The board of Jacob Jensen Design, which produces watches and jewellery among a host of other consumer goods, has confirmed that IT billionaire Kaare Danielsen (main image) has joined the company as investor and co-owner.

Mr Danielsen and Jacob Jensen Holding chairman Lars Kolind, both of whom have invested millions of dollars in Jacob Jensen Design, see vast unexploited potential for the Jacob Jensen group and are planning to ramp up their focus in markets such as the US.

Since 1958, the Danish firm has been a traditional design studio offering creative services such as industrial design, branding and graphic design. 30 years ago it began working with licensed partners marketing products under the Jacob Jensen brand. These licensed collections include telephones, jewellery and watches sold in 33 countries across the world.

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Jacob Jensen Design CEO and chief designer, Timothy Jacob Jensen, said: “We see Kaare Danielsen’s participation and investment as a strengthening of the entire organisation. Kaare’s international business experience from Asian and US markets as well as his extensive understanding of the digital sphere will definitely contribute to the further development of the company.”

To utilise the untapped global potential, the board of Jacob Jensen Holding have decided to look into the possibilities of finding a strong global partner for the Jacob Jensen business.

Mr Kolind said: “Kaare Danielsen has already managed a successful IPO, and as such brings a significant set of skills and experience to the company.”

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