Assistance in identifying a unique piece  

I have recently purchased a pine? cherry? teak? coat tree. On the bottom of the tree, there is a metal label: Design Made In Denmark FRANDS. The person from whom I bought the piece said he purchased it in the early 1960s, although the piece could be older. It looks mid-Century. I cannot find any record of a FRANDS furniture line. Please advise. Also, if there is any information of what the piece might sell for, I would deeply appreciate this information.
Best regards,
Valerie