Interim report second quarter 2015/16 - MQ acquires retail-clothing company JOY
MQ acquires JOY, a nationwide retail-clothing company with 54 stores and sales of SEK 258 million for the 2015 financial year. There is substantial potential to develop JOY as a strong retail concept for the target group of midlife women with strong buying power. The acquisition is in line with the MQ Group’s long-term strategy to generate growth and advance its position as a player in the fashion industry. Second quarter (December 2015–February 2016) · Net sales amounted to SEK 433 million (417), up 3.8 percent. Like-for-like sales increased 2.5 percent (according to the Swedish