The company has also signed an agreement to sell the property that contains the distribution center and headquarters. Sales are made through the company and with an underlying property value of SEK 490 million. The deal is expected to generate a capital gain of approximately SEK 60 million. Meanwhile, a new 15-year lease has been signed. Completion will take place at the end of November.
The Group had at 31 August 2011 interest-bearing debt of approximately SEK 2,300 million. The above two steps with what is made the past year, the company's interest-bearing liabilities are soon reduced to about SEK 800 million. The measures are made to once again be within the announced objective of the Net Debt/Ebitda not exceeding 3.0 times. The coming debt level correspond broadly the inventory value and thus is assessed to be at a sustainable level in the financial climate that now prevails.
KappAhl is a leading Nordic fashion chain with more than 380 stores and close to 4 900 co-workers in Sweden, Norway, Finland, Poland and the Czech Republic. KappAhl designs, markets and sells value-for-money fashion and focus in particular on women 30-50 years of age.
Apparel/Garments | On 25th Jun 2017
Adobe has released its first Digital Price Index for apparels,...
Textiles | On 25th Jun 2017
First Insight, a technology company transforming how retailers make...
Bridalwear is not about reds and whites anymore
'Worsted wool is the ideal fabric for menswear'
‘One of the recent trends in hand block printing is the indigo process,...
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Bridal couture created with rich Indian heritage, exquisite craftsmanship...
Apparel/Garments | On 23rd Jun 2017