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.
| On 18th May 2021
The Homeland Security & Governmental Affairs Committee of the US...
China's textile industry showed strong performance in the first...
| On 18th May 2021
Over 280,000 employees in Ireland’s retail sector returned to work as ...
Strike a balance between handmade in India and 'Make in India'
We are staring at livelihood crisis for weavers
Verticals like fast fashion won’t completely adopt personalisation on...
Danitech was born from the will of a group of technicians to offer the...
Dr. Vijaya Kumar
Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....
Headquartered in Apt, South of France, Delta Plus designs, manufactures...
MIP is a manufacturer and distributor of high-performance textiles and...
Bebop Sensors' smart fabrics allows for a new level of interaction between ...
Freudenberg Performance Materials is a leading global manufacturer of...
Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
Tahweave & Garo
Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...
Label Seema Gujral
<b>Seema Gujral</b>'s designs for her eponymous label revolve around...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.