Lindex is not affected by Stockmann’s decision to file for corporate restructuring

Lindex’s Finnish owner Stockmann plc today announces its decision to file for corporate restructuring. Group subsidiaries, including the Stockmann department stores in the Baltics and Lindex, are not affected by the restructuring proceedings.

Lindex and its daily operations are not affected by Stockmann’s decision to file for corporate restructuring. The fashion company continues to develop its business and Lindex as a strong global fashion brand.

“The fact that our owner Stockmann today has announced its decision to file for corporate restructuring does not affect Lindex’s operations. Lindex is a subsidiary with an independent and stable business. The coronavirus and its effects have affected the retail industry significantly and us as a company. But we see in this extraordinary situation that the online growth has strengthened further and our strategic investments in the digital development continues”, says CEO Susanne Ehnbåge.

For more information, please contact:

Kristina Hermansson
Corporate Communications Manager
Phone: 46 (0)31 739 50 70
E-mail: press@lindex.com

Lindex is one of Europe's leading fashion company, with approximately 460 stores in 18 markets and sales online. Lindex offers inspiring and affordable fashion for the fashion interested and conscious woman. The assortment includes several different concepts within women's wear, kids' wear, lingerie and cosmetics. Lindex is growing, both in own channels and together with global fashion platforms. Lindex sustainability promise is to make a difference for future generations by empowering women, respecting the planet and ensuring human rights. Lindex is a fully owned subsidiary of STOCKMANN plc. More information is available at www.lindex.com