Danish clothing group IC Companys A/S has sold the Sir of Sweden label, which belonged its Tiger Group, to domestic men's wear company G Falbe-Hansen A/S.

IC Companys - which bought Sir of Sweden in 2003 - is currently concentrating on growing the Tiger of Sweden label globally as well as sub-labels Tiger Man, Tiger Woman and Tiger Jeans.

G Falbe-Hansen's purchase comes as part of its drive to develop its Swedish business and boost its ranking on the Swedish market.

The acquisition - financial details of which were not revealed - will come into effect on 31 December 2005.