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Swedish fashion brand MQ changes hands
16 Feb '13
1 min read
A number of Swedish and Nordic institutions, together with Bengt Jaller Klädcenter AB, MQ’s second-largest owner, have acquired 9,924,829 shares in MQ, corresponding to 28.2 percent of the company’s capital and votes.
The seller is CapMan, which has thus terminated its long-term involvement in MQ in line with its investment policy.
“As CapMan has now divested its shareholding in MQ, within its planned investment horizon, we are pleased that several new institutional owners have confidence in MQ’s strategy and have chosen to invest in MQ,” says Erik Olsson, MQ’s Chairman, commenting on the transaction.
MQ is one of Sweden's leading branded fashion wear chains. Through a mixture of proprietary and external brands, MQ offers men and women high fashion clothing in attractive stores. The store chain currently has 119 stores and the objective is to establish MQ as the leading brand chain in the Nordic region.
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