Stockmann plc has decided to file for corporate restructuring
STOCKMANN plc, Inside Information 6.4.2020 at 9:00 EETStockmann plc has decided to file for corporate restructuringAfter the first week of March, the coronavirus (COVID-19) epidemic in Europe has caused significant changes in the operating environment of Stockmann Group, with customer volumes decreasing suddenly. Despite continued strong growth in recent weeks in the webstores of Stockmann and Lindex, the online sales growth cannot compensate for the drastic decline in customer volumes in the current exceptional situation.As the company’s business remains viable and can be restored to