The owner battle of Stockmann continues. The chairman Kaj-Gustaf Bergh is leaving his post – and former CEO of Finnair, Jukka Hienoen, is suggested to suceed him. “It is better… Read more »
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 »
Stockmann’s General Meeting elected two new members to the board – and Kaj-Gustaf Bergh as the Chairman. CEO Per Thelin gave an overview of the challenges and the implementing of the new… Read more »
Stockmann cuts down heavily in fashion chain Seppälä’s operations. Finland will lose a significant number of stores. 380 of 800 employees will lose their jobs.
Per Thelin, known for his track record to improve profitability in international retail companies, has been appointed new CEO for Stockmann. ”Per has great potential to turn Stockmann’s financial performance… Read more »
Stockmann sets out Hobby Hall for sale and closes all Seppälä stores in Russia. “Seppälä’s not gone well, but the hardcore reason has been on the Russian side”, says Kaj-Gustaf… Read more »
Stockmann’s President and CEO, Hannu Penttilä resigns. He does not wait until retirement by the end of the year. ”Stockmann’s reform strategy is under way – and I am not… Read more »