Elvira Thomsen and Elin Miðberg Patursson have acquired Skilling, an established optical store, aiming to continue its legacy while introducing innovative practices tailored to modern consumer needs.
Overview of the Acquisition
Elvira Thomsen and Elin Miðberg Patursson are the new owners of Skilling, a well-established optical store located in SMS, having recently acquired the business from Heidi Arge Poulsen, who has managed it for many years. This transition comes at a pivotal moment, as Heidi, now 67, felt it was the right time to hand over the reins to younger successors and allow fresh perspectives to influence the business.
Target Company Information
Skilling has a rich history, originally established in 1923 by Andreas A. Arge. The store has evolved over the decades, originally offering an array of products including watches, clocks, and specialty optics. In 1996, Heidi took over the family business, maintaining its legacy while also adapting to modern retail environments. After a century of operation, the store now specializes primarily in eyewear, including glasses, lenses, and sunglasses, complemented by services such as eye examinations and pressure measurements.
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Industry Overview in the Faroe Islands
The optical industry in the Faroe Islands has seen significant changes, shifting from a primarily craft-based approach to a more technological-focused lens fitting service. Previously, optical work involved much manual labor, with lenses being cut and polished on-site
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Elvira Thomsen and Elin Miðberg Patursson
invested in
Skilling
in 2024
in a Management Buyout / Buy-In (MBO) deal