Originally a decision on the business was to be made by the end of this year. Helsingin Sanomat in September wrote that experts consider a divestment as the most likely outcome of the strategic assessment. “It’s difficult to see any other option,” Rauli Juva, an analyst at Inderes, commented to the daily newspaper on 2 September.
Lindex Group launched the strategic assessment to “crystallise” shareholder value by restoring its business focus on Lindex, the Swedish fashion chain that has kept the group afloat and made up about two-thirds of group revenue in recent years. It is also in the middle of a re-structuring programme launched in 2021, which has already resulted in the sale of the property housing the flagship store of Stockmann in Helsinki. The group decided in a general meeting last spring to swap its name from Stockmann Group to Lindex Group.
Aleksi Teivainen – HT.
