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Sofia Ekensten appointed Brand Director of Ellos

Press release, Borås, 17 October 2024 Sofia Ekensten has been appointed Brand Director of Ellos with the overall responsibility to lead Ellos' operational development. Sofia, who has a solid background as Sales and Buying Director for Ellos and from the retail industry in general, will report to Hans Ohlsson, President and CEO of Ellos Group. Sofia has over 20 years of experience from the retail industry in various purchasing and business development roles at companies such as Intersport, Lindex, and NilsonGroup. Sofia has been employed by Ellos Group since 2014 and is a member of the

Ellos Group announces completion of refinancing milestone – bondholders become new owners and liquidity financing is underwritten

Press release, Borås, 24 September 2024An agreement has been concluded for the sale of all assets of the bankruptcy estate of Ellos Group AB (the “Parent”), including the shares in Ellos Group Nordic AB (the “Company”), to an entity controlled by the Ellos Group bondholders. The transaction is a major achievement, providing a fresh start and unlocking the SEK 250 million of liquidity financing for the Ellos group. The transaction comes after the negotiations between an ad-hoc group of bondholders (the “AHG”) and the Parent failed to deliver a consensual outcome, leaving the Parent

Ellos Group announces that ad-hoc group of bondholders proposes credit facility confirming continued support

Press release, Borås, 10 September 2024 Ellos Group Nordic AB (the “Company”) has been informed that its parent company Ellos Group AB (the “Parent”) filed for bankruptcy yesterday. The bankruptcy only involves the Parent and will not involve or affect the operations of the remaining Ellos group. An ad-hoc group of bondholders (“AHG”) has now proposed a forbearance arrangement, confirmed continued support for the business and willingness to support a transaction whereby the bondholders take over the Group in short order, and to underwrite a credit facility of up to SEK 250,000,000 to

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