Lindex Group continues investigating strategic alternatives for the Stockmann department stores business

LINDEX GROUP plc, Other information disclosed according to the rules of the Exchange, 17.12.2024 at 16.30 EET

 

Lindex Group continues investigating strategic alternatives for the Stockmann department stores business

 

Lindex Group plc’s (former Stockmann plc) Board of Directors initiated in September 2023 a strategic assessment to crystallise shareholder value by refocusing the Group's business on Lindex. As part of the strategic assessment, Lindex Group is investigating strategic alternatives for the Stockmann department stores business.

 

Lindex Group’s Board of Directors continues the strategic assessment and expects it to be finalised during the first half of 2025. Initially, the Board expected the evaluation to be finalised during 2024. Lindex Group will provide an update on the assessment when appropriate.

 

Lindex Group plc’s restructuring programme started in 2021. The programme has continued to progress during 2024, and all confirmed undisputed debts have been paid. On 17 December 2024, the restructuring programme had one disputed claim remaining.

 

LINDEX GROUP plc

 

Susanne Ehnbåge
CEO

 

Further information:
Marja-Leena Dahlskog, Head of Communications & IR, tel. +358 (0)50 502 0060 or investor.relations@stockmann.com

 

Distribution:
Nasdaq Helsinki
Principal media

 

Lindex Group plc is an international multichannel retail group with two divisions: Lindex and Stockmann. Lindex is a global fashion company with a purpose to empower and inspire women everywhere. Its three strong categories include women’s and kids’ wear as well as lingerie, where it is a market leader in the Nordics. Stockmann is a premium multi-brand retailer with department stores in Finland and the Baltics. Its purpose is to be a marketplace for a good life. In 2023, the Lindex Group’s revenue was EUR 952 million and it had some 5 800 employees. The Group’s roots lie in the Stockmann company founded in 1862 and its shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.lindex-group.com