Finnish clothing and household goods retailer Stockmann will most likely change its name to Lindex Group, according to the press service. companies.
“Stockmann is considering changing its name to Lindex Group,” the press release said.
The publication explains that Stockmann’s board of directors has decided to launch a strategic review aimed at increasing shareholder value by moving Lindex into the group’s business center and identifying alternatives for its department store business.
As the press service noted, it is expected that the name change will not affect Stockmann stores, as they will continue to operate under the old brand.
Stockmann Group left From Russia in 2016. The company has signed an agreement to sell its department stores in the Russian Federation to Reviva Holdings Limited, which owns the Debenhams franchise department store chain through Debrousse LLC.
Previously Stockmann’s reduced Net loss increased by 44% in the first half of the year.
Source: Gazeta
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