A power struggle has emerged within Stockmann. According to the KSF-owned Hufvudstadsbladet, largest shareholder Hartwall wants to combine the share series and thus reduce the Finnish-Swedish interests of power in Stockmann…. Read more »
Stockholm’s fashion business is getting more concentrated to Nacka Strand and Stockholm fashion house. Today a new showroom of 8000 was inaugurated.
The Varner Group’s young menswear fashion chain Volt has appointed new country managers in Sweden and Finland. For the premiere in Finland this year, Volt has recruited Erika Ahlberg from… Read more »
Göran Bille’s assignment as CEO Gina Tricot was more demanding than he thought. Now he’s trying to find the soul of the once so successful fashion chain again. “The target… Read more »
Stadium’s former CEO, Gustaf Öhrn, has been recruited as the new CEO of department store chain Åhléns. “It will be extremely exciting to be on the trip to take a strong… Read more »
The past two years Lindex has involved employees as models for the Bra-volution campaigns. This year, they asked the customers to be underwear models. 6 women out of 700 applicants… Read more »
H&M’s nomination committee has proposed two new members of the board of directors, the former Nordic director of Google, Stina Honkamaa Bergfors, and the lawyer Erica Wiking Häger. ”From her various… Read more »
The new clothing chain Club Xprs opens its two first stores in March. “We are very pleased with both Barkarby and Ingelsta Handelscentrum as our first establishment,” said Victor Appelqvist founder… Read more »
The Danish fashion Group PWT’s turnover increased to 858 million DKK from 853 million, and operating profit amounted to 84 million (85). Net profit amounted to 24 million DKK (37)…. Read more »
Lager 157 will for the first time move into a shopping center with a smaller store size than the chain’s usual concept, the premiere takes place in Nacka Forum. ”This will be our… Read more »
H&M has made another record year. Total sales went up 11 percent in local currencies, and the profit of nearly 21 billion SEK is the best so far. ”Sales have… Read more »
Now the new fashion chain Jeansbolaget has removed the JC-signs from the stores and opened 21 stores under their own logo. Shop owners says they left a sinking ship. “JC was on… Read more »
Bestseller continues the acquisition-strategy. Now the troubled shoe-chain Bianco becomes a part of Anders Holch Povlsen’s fashion empire. He says an expansion of Bianco’s online and wholesale business is on… Read more »
Interior decorating and fashion chain Indiska has 300 creditors and a total loss of 48.7 million. It appears from a report that market.se taken part of. The intention is to offer the… Read more »
New KappAhl CEO Danny Feltmann today presented his first interim report and defined it as strong due to good gross margins despite lower sales, especially in Norway. ”My colleagues and… Read more »
The H&M group’s sales including VAT increased by 10 percent in local currencies in December 2015 compared to the same month last year. The increase was lower than in the… Read more »
Stayhard acquires the Swedish fashion brand Castor Pollux – and appoints a new CEO.
The Stockmann Group has received tax reassessment decisions from the Finnish and Swedish tax authorities requiring the Group companies to pay 19.6 million EUR in additional taxes, including punitive tax… Read more »
The CEO and all directors except one at Danish online fashion player Stylepit has been replaced. It is the result after an extraordinary general meeting in Stylepit A/S.
Indiska will close stores and cut staff as part of the reconstruction. The first news is that eight Swedish shops will close as early as this spring. However no stores… Read more »
ICA ended 2016 with a 3.6 percent sales increase compared to last year’s December – and a total increase for 2015 by 3.8 percent. The hypermarket concept Maxi held up… Read more »
Indiska has submitted an application for reconstruction. A weak autumn and Christmas sales have worsened the situation of the pressed fashion and interior design chain. “In order to realize Indiska’s potential, we… Read more »
Odd Molly founder Per Holknekt is now leaving his latest project, women’s fashion brand Non Sense. But it’s more than that. “I make a sortie from the entire fashion industry,”… Read more »
DK Company takes over three brands from Ball Group. Culture, Pulz and Educe are all in the mid-market segment. DK Company CEO Jens Paulsen says the brands will be introduced… Read more »
Seppälä joins the trend of recycling old clothes. The Finnish fashion chain will manufacture a new consumer range from old clothes as a part of a Finnish pilot project.