JYSK to Acquire Three Successful Franchise Countries

JYSK has reached an agreement to take over the JYSK stores and employees in Kosovo, Albania and North Macedonia from its current franchise partner. The agreement will bring the three successful markets into JYSK’s own organisation to support further growth across the region.

JYSK has been present in Kosovo since 2004, North Macedonia since 2008, and Albania since 2015 through a franchise partnership. Today, the three countries have 25 stores in total and have delivered strong development, establishing JYSK as a well-known home furnishing retailer in the region.

“Kosovo, Albania and North Macedonia have been successful JYSK markets, and I would like to thank our franchise partner, Fatmir Zymberi, and all the employees for bringing great offers within Scandinavian sleeping and living to customers. We believe there is significant potential to grow the JYSK brand even further by bringing the countries into our own organisation, where we will invest directly in future expansion, our stores and the employees,” says Rami Jensen, President and CEO of JYSK.

Building on a strong foundation

The acquisition is in line with JYSK’s ambition to expand in existing markets and get even closer to customers. JYSK plans to build on the strong local organisation already in place where the ambition is to open more stores, strengthen JYSK’s presence and make it even easier for customers in the three countries to find great offers within Scandinavian sleeping and living.

The acquisition is expected to take effect on 1 January 2027, subject to relevant regulatory approvals. The business will continue to operate as usual, and customers can continue to shop at their local JYSK stores.

Facts

• JYSK has reached an agreement to acquire the JYSK stores and current organisation in Kosovo, Albania and North Macedonia.
  
  
• The three countries currently have 25 JYSK stores in total: 12 in Kosovo, six in Albania and seven in North Macedonia.
  
  
• JYSK has been present in Kosovo since 2004, North Macedonia since 2008 and Albania since 2015.
  
  
• The takeover is expected to take effect on 1 January 2027, subject to relevant regulatory approvals.

Source : JYSK 

Image : JYSK

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