Nordiska Kompaniet acquires Departments & Stores business in the NK department stores
AB Nordiska Kompaniet (NK), a subsidiary of Hufvudstaden, has reached an agreement with RNB Retail and Brands AB (RNB) to acquire the NK business within its subsidiary Departments & Stores Europe AB (DSE). DSE currently runs about 40 fashion, cosmetics and jewellery departments at NK Stockholm and NK Gothenburg, together comprising about 25 per cent of the total number of departments in the two stores. DSE generated revenues of SEK 773 million in the 2019/2020 financial year and has about 400 employees, equivalent to 275 full-time annual employees.“The acquisition of DSE’s NK business