Stylepits purchase of Solid-stores shrinks.
Now the company reports that it reduces the number by ten.
In September Stylepit announced they’d go into bricks and mortar by buying a number of stores of Norwegian Conseptor. However, after negotiations, it turns out to be 27 stores, ten less than previously announced.
“Stores with small critical mass is retained by Conseptor. The purchase is financed through issuance of new Stylepit shares at a value of 146 million DKK, ” announced Stylepit on Friday.
This means that the price of the deal has fallen by 62 million DKK.