>>
Home / Knowledge / News / Fashion / Stockmann to bring Swedish fashion chain to Russia

Stockmann to bring Swedish fashion chain to Russia

24
Mar '08
The Annual General Meeting of Stockmann plc, held in Helsinki on March 18, 2008, adopted the financial statements for the financial year January 1 - December 31, 2007, granted release from liability to the responsible officers and resolved to pay a dividend of EUR 1.35 per share for last year.

The Board of Directors' proposals to the Annual General Meeting were approved without changes. Under a franchising agreement, the Group's sales network will expand to the Middle East.

Managing Director's review
In his review to Stockmann's Annual General Meeting in Helsinki on March 18, 2008, CEO Hannu Penttilä observed that the transfer of the Swedish fashion chain Lindex to Stockmann's ownership through a public tender offer in December was a major acquisition, Finland's second largest last year.

Stockmann's most recent acquisitions were made back in the 1980s, when both Hobby Hall and Seppälä became part of the Group. In the ensuing period organic growth has been achieved both by building out operations in the domestic market and by expanding via these concepts to new market areas. Non-core businesses, however, have been trimmed through measures such as divesting the wholesale business, the Sesto grocery chain and, most recently, the vehicle trade in 2006.

The Lindex transaction will strengthen the Stockman Group's position in many ways. Lindex accounts for a share of about 30 per cent on the Stockmann Group's sales, whereas department store operations make up a good 50 per cent and the aggregate share of Seppälä and Hobby Hall is just under 20 per cent.


Must ReadView All

Pic: Martin Good/Shutterstock

Textiles | On 26th Jun 2022

World services trade grows in Q2 2022, goods trade barometer flat: WTO

World services trade continued to grow into the 2022 second quarter,...

Pic: Shutterstock

Textiles | On 26th Jun 2022

EU, Bangladesh to form committee to ease customs clearance at ports

The European Union (EU) and Bangladesh recently agreed to form a...

Pic: Shutterstock

Textiles | On 26th Jun 2022

Vietnam central bank ready to pump more foreign currency into market

The State Bank of Vietnam will raise its interference in the foreign...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Rahul Shah,

Rahul Shah

Headquartered in Bhilwara, Rajasthan, Kanchan India Ltd supplies fabrics...

Ishak Aydin Ozturk,

Ishak Aydin Ozturk

<font face="Calibri, sans-serif">Innovative pioneer in textile production, ...

Dr. N Mohan,

Dr. N Mohan

Clarks Reliance Footwear Private Limited manufactures and retails footwear ...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Sarah & Sandeep Gonsalves, Label - Sarah & Sandeep

Sarah & Sandeep Gonsalves
Label - Sarah & Sandeep

Sarah &amp; Sandeep is a luxury designer label synonymous with a...

Chun-Yuan Jean, Label - C JEAN

Chun-Yuan Jean
Label - C JEAN

C JEAN is an independent designer brand founded by Chun-Yuan Jean. C...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Zünd Systemtechnik AG
Helly Hansen Far East Ltd
Splash
Bluesign Technologies Ag
X-Rite Asia Pacific Limited (HK)
G-Star Raw C.V.
Groz-Beckert KG
Brandix Lanka Limited
GERBER TECHNOLOGY LTD.
Babyshop
Grasim Industries Limited
Inter Expo Center Ltd.
T.T. Limited
Gap International Sourcing Limited
Color Service s.r.l.
Lacoste (Wanchai)
IKEA of Sweden AB
Sainsbury's Argos Asia Limited
China World International Exhibition Company Limited
N9 World Technologies Private Limited
International Textile Manufacturers Federation
CGS Inc.
Rieter India Private Limited
IFF Media Ag - International Media Services
Huntsman (Singapore) Pte Ltd
Itema Weaving (India) Private Limited
Green Fibre
Vardhman Textile Ltd
Indo Tex
Sportmaster Ltd.
Guess Europe Sagl,
Hela Clothing Pvt Ltd
Newtech Textile Technology Development (Shanghai) Company Limited
Lectra Technologies India Pvt Ltd.
John Varvatos
GIOVANNI BOZZETTO S.p.A.
Aleph Srl
Hirdaramani International Export Private Limited
Coats Digital Limited
Cat Tuong Real Estate Group Joint Stock Company
APLF Limited
Puma
Landmark Group
KIABI
Benetton Group
Lululemon Athletica Inc
Applied DNA Sciences Inc
Kornit Digital Asia Pacific Ltd
Sportswear Company Spa
EMBEE CORPORATION
Boardriders Asia Sourcing Limited
KAS Direct Sourcing
Aramark Uniform ;& Career Apparel, LLC
SHAHI Exports Pvt Ltd
Comasia Limited
Varner AS Retail
Equinox Impex India
Datatex Consulting Srl
Tchibo GmbH
J ;& P Coats
Decathlon
Istanbul Fuarcilik A.S.
Vianney Textil Hogar S.A. De C.V.
Flainox S.r.l.
ITMA Services Pte Ltd
Rayonese Textile Inc., Division de Culp Inc.
Permoda(Koaj/Armi/Pronto/Bkul)
Italian Trade Commission
The Top Form Brassiere Manufacturing Company Limited
Midas Clothing Limited
Marzoli Machines Textile s.r.l.
PVH Corporation
TESTEX AG, Swiss Textile Testing Institute
Gloria Jeans
Lottmann Communications
Pt. Peraga Nusantara Jaya Sakti
Phong Phu international JSC (PPJ)
International Sourcing Expo Australia
Jindal Worldwide Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Dow Silicones Corporation
Alix Partners
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
UBM China (Shanghai)
Colours India Inc
BTSR International S.P.A.
G.A.S. unternehmenskommunikation gmbh
C;&A Sourcing International Ltd
Bluestem Global Sourcing Limited
Nandan Denim Limited
Officina Meccanica Dora Enrico Srl
The LYCRA Company Singapore  Pte. Ltd
Stahl Holdings B.V.,
BTC Textiles LLC
GHCL LIMITED
Target Corporation (MN)
Eastman Chemical Company
NITI Aayog
Desigual - ABASIC, S.A.
Datacolor AG Europe
Karl Mayer Textilmaschinenfabrik GmbH
Indofil Industries Limited - Specialty & Performance Chemicals Division
BIMBA ;& LOLA SL
Lisa S.P.A.
Nihalani Events Management
Centric Software
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Tommy Hilfiger
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Amazon China
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
USTER
Esprit Europe Services GmbH
TESCO INTERNATIONAL SOURCING LIMITED
COTTON COUNCIL INTERNATIONAL
Alison Hayes Romania
TEXVALLEY MARKET LIMITED
DuPont de Nemours, Inc.,
EUROVET ASIA LTD
Gatsby Africa
LC Waikiki
JES MEDIA, INC
THE BOMBAY DYEING ;& MFG.CO. LTD
Thai Trade Center
Etam Group Strategy Hong Kong Limited
OVS Hong Kong Sourcing Ltd.
Mayer & Cie. GmbH & Co. KG
Zydex Industries
IDH – The Sustainable Trade Initiative
Groz-Beckert East Asia LLP
MAS Active / MAS Kreeda / MAS Bodyline
Rosset ;& Cia Limited
Loris Bellini S.r.l.
BIANCA
Woolmark Services India Pvt. Ltd.
Xtema - Thomas Lebherz Textilmaschinen
Page Industries Limited (Bangalore)
Arvind Limited
Infor (Hong Kong) Limited
Lenzing Aktiengesellschaft
FULGAR SpA
Eurofins BLC Leather Technology Centre Ltd
Restoque S.A.
Brückner Trockentechnik GmbH & Co. KG
BRINKMANN GMBH
Savio Macchine Tessili S.P.A.
Mesdan SPA
CSGIA(China Screen Printing & Graphic Imaging Association)
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Messe Duesseldorf
Saurer Textile Solutions Pvt. Ltd.
K AND D ITMACH EXPOSITIONS LLP
ZAITEX spa
Maceton Limited
Messe Frankfurt Exhibition GmbH
Asos
Under Armour Global Sourcing Ltd
SYNERGIES HONG KONG LIMITED
H. Stoll AG & Company KG
Weitmann & Konrad GmbH & Co. KG
Tuyap Tum Fuarcilik Yapim A.S.
VNU Exhibitions Asia
Aquarelle Clothing Limited
Gokaldas Exports Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Performance Days
Seasalt Limited
The LYCRA Company Singapore  Pte. Ltd
Abit
Calvin Klein
Recron Polyester from Reliance Industries Limited
Lifestyle
IIGM Private Limited
Lenzing Aktiengesellschaft - India
DyStar India Pvt. Ltd
Tory Burch Hong Kong Ltd
TÜYAP IHTISAS FUARLARI A.S.
Meera Dyestuff Industries
EPCH
Haelixa AG
Tradewind International Servicing
Thermore (Far East) Ltd.
Palexpo SA
Chico’ FAS
Walmart
Shanghai  Aige Exhibition Service Co., Ltd
FESPA (Reigate)
Truetzschler India Private Limited
Shima Seiki Mfg. Ltd.
NV Michel Van de Wiele
Copenhagen Fashion Summit
Chori Company Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
Reiter India Private Limited
Recron Polyester from Reliance Industries Limited
Taiwan Textile Federation (TTF)
Thai Acrylic Fibre Company Limited
Kern – Liebers Textile

June 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search