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Archive | Press announcements

AMF to change office to Mood-block

AMF Fastigheter’s urban development strategy also contains the company itself. Now AMF moves its office into the block containing the Mood-mall and gets Regeringsgatan 59 as new adress. The office, covering 1700 square meters on two levels, is aimed to be a natural meeting place and center for employees and visitors. (more…)

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Bygghemma goes for exclusive payment solution

Bygghemma has extended its partnership with payments company Svea Ekonomi and now gives them  exclusivity for payment solutions in Sweden, Norway and Finland, with the intention of eventually expanding to additional countries. “For us it is important to have a full partner, Svea Ekonomi is flexible and committed and relieve us in our work. Anything […]

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Alko to start online sales of all alcoholic beverages

The Finnish state-owned alcohol monopoly-chain Alko will start e-commerce this year. The aim is to offer the full range. “Our customers can use our services precisely in those channels where they want. By bringing our full range for purchase, we can better serve our customers, “says Alko’s business manager Paula Kujansivu. (more…)

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Citycon to have 75 % of all shopping centers certified

Citycon has launched an extensive project to introduce BREAAM In-Use certification for its shopping centres. So far, a total of 16 shopping centres owned by Citycon and four managed by the company have been granted the BREEAM In-Use certificate. Of these, eight are located in Norway, four in Finland, three in Sweden and one in […]

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Citycon to sell off Baltic shopping centre

Finnish based shopping center company Citycon has signed an agreement to sell the Magistral shopping centre in Tallinn, Estonia, to the Baltic commercial property fund EfTEN Kinnisvarafond II AS. The purchase price is 24 million EUR. “This divestment is in line with Citycon’s strategy to focus on urban, grocery-anchored shopping centres in the Nordics and […]

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Stockmann Moskva

Stockmann’s Russian department stores sold

Stockmann has today completed the divestment of its department store business in Russia to Reviva Holdings Limited. The transaction has been approved by the Russian Federal Antimonopoly Service. Reviva bought 100 percent of AO Stockmann, a Russian subsidiary of Stockmann plc, and assumed operations of all seven department stores in Russia from 1 February 2016. Stockmann […]

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Kesko’s sales increased in in all divisions

Kesko Group’s sales in December 2015 totalled 781.8 million EUR. In comparable terms excluding Anttila, sales increased by 3.0 percent in local currencies. “In December, Kesko’s sales increased in all divisions, especially in the car trade and the home improvement and speciality goods trade. Sales grew also in the grocery trade, although prices continued to decline further,” […]

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After Norway exit – ICA to merge real estate companies

ICA Fastigheter and ICA Fastigheter Sverige will be merged. The merger of the Swedish operations is a natural step for the real estate on the grounds that the entire Norwegian property portfolio will be sold. In connection with the merger, Michael Johansson leaves role as CEO of ICA Fastigheter Sverige AB. Lena Boberg continues as CEO of […]

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Stockmann to fight 19.6 million extra taxation in Finland and Sweden

The Stockmann Group has received tax reassessment decisions from the Finnish and Swedish tax authorities requiring the Group companies to pay 19.6 million EUR in additional taxes, including punitive tax increases and related interest. Stockmann says in a statement it considers the decisions unfounded and will appeal against them. (more…)

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Byggmax to complete aquisition of Skånska Byggvaror

Byggmax completes the acquisition of all outstanding shares in Skånska Byggvaror. Skånska Byggvaror is an online based retailer in the do-it-yourself market for refined building material. The Company has operations in Sweden and Norway with an assortment focused on the building’s interior and exterior environments, ranging from windows and doors to storage and conservatories. Over […]

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Map Of Finland

Finnish retail sales up 1.2 percent in November

According to Statistics Finland’s retail trade flash estimate, the sales of retail trade increased by 1.2 percent in November from November 2014. Over the same period, the volume of retail trade sales, from which the impact of prices has been eliminated, grew by 2.6 percent. In daily consumer goods trade, sales contracted by 0.4 percent […]

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Euronics Norway sold to Swedish EEL

The Swedish EEL Group merges with the Norwegian consumer electronics company Euronics Norway – making Euronics merchants shareholders in EEL and creating a Nordic appliances leader. To, Kenneth Baltzersen, CEO of Euronics Norway, says Euronics will gain more purchasing power and that the weight of appliances in Euronics stores probably will increase. ”But we will […]

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Online customers less tolerant to bad customer customer experience

Bad return policies and technical failures during peak seasons will cost online retailers a lot of customers, not only once but for following years. A new study reveals that customer experience is crucial for business success as 7 out of 10 Swedes say they would switch to an alternative retailer based on poor online experience. (more…)

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Stable quarter for Ica Group

  Ica’s consolidated net sales amounted to 25,542 million SEK (22,223) during the second quarter. Excluding acquisition effects, the increase was 4.3 percent. Operating profit excluding non-recurring items was 1,018 million SEK (985). “ICA Gruppen delivered a stable second quarter with increased market shares in Sweden, the Baltic countries and the pharmacy operations. After several quarters […]

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IKEA Foundation to give 38 million EUR aid to refugees

UN refugee agency UNHCR has received a grant of 38 million EUR from the IKEA Foundation to help the refugees and host communities in Burkina Faso and Ethiopia. ”We believe that every child deserves a quality education, a sustainable family income, and a healthy start in life,” says Per Heggenes, CEO of IKEA Foundation. (more…)

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He is the new CFO of Stockmann

Lauri Veijalainen has been appointed new Chief Financial Officer of the Stockmann Group. He will succeed Pekka Vähähyyppä who will leave Stockmann in August 2015. Lauri Veijalainen is currently Deputy Director for Stockmann’s Real Estate division and Development Director for the Group’s international operations. He will continue as a member of the Stockmann Management Team and he […]

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Ville Perho

CEO-switch in Cloetta

Ville Perho has been appointed President of Cloetta Finland. He succeeds David Nuutinen who was appointed President and CEO of Cloetta AB on May 11. Ville Perho has worked as Sales Director of Cloetta Finland since 2010. He has also worked as Head of Key Account Management and Head Category Development at Cloetta Finland. Ville […]

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