MQ acquires retail-clothing company JOY
MQ Holding AB is acquiring the retail-clothing company Joy Shop AB from Aktiebolaget Segulah, thereby strengthening its position in the Nordic fashion market. Through the acquisition, MQ gains 54 stores in Sweden and an online shopping channel. The purchase price, paid in cash, amounts to SEK 38.5 million. The scheduled closing date is 1 May 2016. The acquisition is expected to have a neutral impact on earnings for MQ’s current 2015/2016 financial year. Retail-clothing company JOY was founded in 1971 and today runs 54 wholly owned stores in Sweden as well as online shopping. The company