BTS wins agreement with Federated Department Stores - worth approximately 7 MSEK

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BTS wins agreement with Federated Department Stores - worth approximately 7 MSEK BTS wins agreement with Federated Department Stores to develop a customized leadership training program for Federated's stores, merchant and support executives. Federated Department Stores, a premier American department store operator including Macy´s and Bloomingdale's with annual revenues exceeding US$15 billion, has partnered with BTS to develop and deploy a leadership training initiative to its stores, merchant and support executives using a customized business simulation-based workshop The project, worth approximately 7 MSEK, targets approximately 800 of Federated's mid-level managers. The simulation-based workshops are designed to strengthen managers' understanding of the relationships between leadership decisions and company performance, and to further catalyse thinking around the drivers of competitive advantage. " The fact that BTS has been chosen as their partner is further proof that we deliver high-quality solutions to leading corporations," says Henrik Ekelund, President and CEO of BTS Group. BTS is listed on the Stockholm Stock Exchange since the 6 June 2001. For further information please contact: Henrik Ekelund, President and CEO of BTS Group AB, tel: +1 415 362 95 67 Jonas Åkerman, President, BTS USA, tel: +1 203 316 2740 Christian Ankarcrona, Investor Relations, tel: + 46 8 58 70 70 00 Homepage; BTS Group AB is an international training and consultancy company in the field of business acumen. BTS uses tailor-made business simulations to support company managers in implementing change and improving profitability. BTS train the entire organisation to analyse and to take decisions centred on the factors that promote growth and profitability. This generates increased emphasis on profitability and market focus, and supports day-to-day decision-making, which in turn leads to tangible, sustainable improvements in profits. BTS customers are often multinational companies. In 2001, BTS generated a turnover of SEK 197 million and has today 103 employees. ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download: