SWEDEN - Rite Ventures acquires Frank Dandy Superwear

The company went bankrupt in March 2009. Rite Ventures won the auction in which several bidders participated. Going foward, Rite has hired former CEO of MTG Radio and Ark Travel, Susanna Bervå, as acting CEO. Bervå has extensive experience of turnaround processes as CEO of Ark Travel.

Frank Dandy was founded in 2003, and is headquartered in Stockholm. The fashion house is primarly known for designing boxer shorts for men, but the line has recently been extended to include a women's line. The products are sold through selected denim and fashion stores in Scandinavia, Europe, Japan and North America.

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