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New start for MQ MarQet with new owners and stores will open tomorrow

The acquisition of MQ MarQet have been completed and will thereby continue its operations with increased focus on e-commerce and a reduced number of stores. Ingvar Larsson, CEO of MQ MarQet, comments: “It is very gratifying that we have the opportunity to resurrect nd continue the journey that we have begun, especially for the sake of our customers. Furthermore, I know what wholeheartedly commitment and passion there is within the company and we will continue to do everything possible to give our customers a fantastic purchasing experience.” Claes-Göran Sylvén, Chairman of the

Bankruptcy decision regarding MQ Holding AB

As announced in a press release on April 16, 2020, MQ Holding AB's Board of Directors has decided to file for bankruptcy. Gothenburg District Court has approved the file for bankruptcy and declared the company bankrupt. The appointed insolvency administrator is lawyer Lars-Henrik Andersson from Cirio. For further information, please contact: Ingvar Larsson, President and CEO: +46 31-388 80 70Marie Sandahl, IR Manager +46 031-388 80 42

MQ Holding AB files for bankruptcy

The Board of MQ Holding (publ) AB (”MQ”) has today decided to file for bankruptcy. The application will be filed in to Gothenburg District Court during Thursday the 16th of April. The decision to file for bankruptcy is based on a significant decrease in the level of sales in March and beginning of April and which is considered to have a significant impact on the consumer market for a longer period even after COVID-19. The Board of Directors have assessed that the conditions to continue MQ's operations have changed significantly. The additional actions to reduce costs in this pandemic are

Update regarding the impact from COVID-19

The outbreak of the COVID-19 means that the general global situation has changed considerably and is having a negative impact on the MQ Group. The initial impact on the Group from the COVID-19 primarily involved minor delays in the supply chain from Asia, but subsequently after several weeks it began having a significant impact on consumer behaviour in Sweden. The impact of the COVID-19 on the market is naturally something we still cannot fully analyse, but this, in combination with macroeconomic uncertainty and falling stock markets across the world, has substantially reduced the numbers

Notice to attend Extraordinary General Meeting in MQ Holding AB

The shareholders of MQ Holding AB, company reg. no. 556697-2211, are hereby invited to an Extraordinary General Meeting to be held on Monday 20 April 2020 at 2.00 p.m. at the company’s premises on Sankt Eriksgatan 5, Gothenburg, Sweden. Entry starts at 1.30 p.m. Notice etc. Right to attend the general meeting is given to those who are entered as shareholders in the share register maintained by Euroclear Sweden AB on Tuesday 14 April 2020 and have given notice of their participation in the general meeting no later than Tuesday 14 April 2020, preferably before 4.00 p.m. A printed

Weak quarter with a focus on robust measures and the agreed right issue

It has been yet another challenging quarter for the Group and the period from December to February has been characterised by lower sales, chiefly due to the weaker development of our women’s range. The gross margin for the quarter has been adversely affected by a campaign-intensive market and price cuts. The measures taken in our structural action programme are considerable and have had a positive impact during the quarter of SEK 11 million.  Second quarter (December 2019–February 2020) · Net sales amounted to SEK 382 million (424), down 9.8 per cent. Like-for-like sales

MQ CARRIES OUT A GUARANTEED RIGHTS ISSUE OF APPROXIMATELY SEK 250 MILLION AND MAKES A WRITE-DOWN OF SEK 192 MILLION, WHILE THE SUBSIDIARY JOY FILES FOR BANKRUPTCY

Today, the Board of MQ Holding AB (”MQ” or "the Company”) has, subject to the approval by the Extraordinary General Meeting, decided on a fully guaranteed rights issue of shares of approximately SEK 250 million (the "Rights Issue"). Investment AB Öresund (”Öresund”), Swedbank Robur and other major shareholders of the Company, as well as certain members of the Board and the executive management, have entered into subscription commitments regarding their respective pro rata share in the Rights Issue. At the same, time MQ focuses on the parts of the business that are considered to be

Invitation to MQ Holding AB’s presentation of the second quarter results 2019/2020

MQ Holding will announce its second quarter results, September 2019-February 2020 on Wedneysday, March 18[th] at 07:15 CET. A telephone conference will be held on the same day for analysts, investors and media at 09:00 CET. Ingvar Larsson, President and CEO and Ola Wahlström, CFO will present and comment on the report and the latest developments in MQ Holding. The presentation will be held in Swedish. The presentation can be followed via audio cast on www.mq.se . It is possible to listen to the audio cast afterwards at the same place. To participate in

Change in number of shares and votes in MQ Holding AB

MQ Holding AB ("MQ" or the "Company") has in accordance with previously disclosed information, carried out a reverse share split 1:10. The reverse share split meant that 10 shares were merged into one (1) share, which has resulted in a change in number of shares and votes in MQ. The total number of shares and votes in MQ has during February decreased with 94,922,569. As per the last trading day in February, there were in total 10,546,952 shares in the Company and 10,546,952 votes. For further information, please contact:Marie Sandahl, IR Manager: +46 (0)31- 388 80 42 This

MQ Holding AB announces timetable for reverse share split

At the Annual General Meeting of MQ Holding AB ("MQ") on January 22, 2020, it was resolved on a reverse share split of 1:10, whereby 10 shares are consolidated into one (1) share. The Annual General Meeting authorized the Board to decide on the record date for the reverse share split. The resolution regarding reverse share split and the amendment of the articles of association has now been registered with the Swedish Companies Registration Office (Bolagsverket). MQ Holdings Board has today, based on the authorization, decided the record date for the reverse share split to February 14, 2020.

Press release from 2020 Annual General Meeting

MQ Holding AB (publ) held its Annual General Meeting on 22 January 2020 in Gothenburg. At the AGM, the income statements and balance sheets of the Parent Company and the Group for the 2018/2019 financial year were approved. The AGM also approved the Board’s proposal that no dividend be paid for the 2018/2019 financial year in order to create scope for strengthening the company’s development moving forward. The available profit of SEK 60,778,637 at the time of the Annual General Meeting will be carried forward. The Board and CEO were discharged from liability for the 2018/2019 financial

Board member in MQ sells shares due to private financial reasons

Board member of MQ Holding AB, Bengt Jaller has today sold 2 462 000 shares in MQ, which are 2.3% of the total number of shares in MQ. After the transaction Bengt Jaller owns 600 000 shares in MQ.   Bengt Jaller comments ”Due to private financial reasons I sold shares but I have no intention to sell any further shares. I have a strong faith in the change journey initiated by MQ and look forward to the continued development”. For further information, please contact: Marie Sandahl, IR-chef, +46 (0)31- 388 80 42 This information is information that MQ Holding AB (publ) is obliged

Notification of the Annual General Meeting of MQ Holding AB (publ)

MQ Holding AB (publ), Corporate Registration Number 556697-2211, invites you to attend the Annual General Meeting on Wednesday, 22 January 2020, at 2:00 p.m. in the company’s premises at Sankt Eriksgatan 5, Gothenburg. The doors will open at 1:30 p.m. NOTIFICATION, etc. Shareholders wishing to participate in the Annual General Meeting must be registered as shareholders in the share register kept by Euroclear Sweden AB by Thursday, 16 January 2020 and must have notified their attendance to the company no later than Thursday, 16 January, preferably before 4:00 pm. A transcript of the

The structural action programme is having an effect, but the quarter was characterised by lower sales

There has been a lot of focus and attention during the quarter on the renewal of MQ with the launch of our first MarQet stores. The quarter has been characterised by lower sales as a result of less footfall in our stores in a challenging, campaign-intensive market. For MQ, however, the proprietary brand range has seen positive sales development, and our online shopping initiatives have produced results with a palpable increase in traffic and conversion rate. Our structural action programme is developing according to plan and has had a positive impact during the quarter of SEK 10

Correction - The Nomination Committee’s proposal to the Board of Directors

Correction of press release published on the 6th of December, at 09:00 CET. In previous press release a name was missing in The Nomination Committee's proposal to the Board of Directors, nothing else differs from the previous press release.The Nomination Committee of MQ Holding AB proposes that the Annual General Meeting of 2020 re-elect Claes-Göran Sylvén, also proposed to be re-elected as Chairman of the Board of Directors, Arthur Engel, Annika Rost, Anna Engebretsen, Therese Hillman and Bengt Jaller, also proposed to be re-elected as Deputy Chairman of the Board. Mernosh Saatchi declines

The Nomination Committee’s proposal to the Board of Directors

The Nomination Committee of MQ Holding AB proposes that the Annual General Meeting of 2020 re-elect Claes-Göran Sylvén, also proposed to be re-elected as Chairman of the Board of Directors, Arthur Engel, Annika Rost, Anna Engebretsen and Bengt Jaller, also proposed to be re-elected as Deputy Chairman of the Board. Mernosh Saatchi declines re-elections. The nomination committee proposes a reduction of the board of one person to six persons. The remuneration to the members of the Board of Directors is proposed to be SEK 1,470,000, of which SEK 420,000 to the Chairman of the Board and SEK

Invitation to MQ Holding’s presentation of the first quarter results 2019/2020

MQ Holding will announce its first quarter results, September 2019-November 2019 on Wedneysday, December 18[th] at 07.15 CET. A telephone conference will be held on the same day for analysts, investors and media at 09:00 CET. Ingvar Larsson, President and CEO and Ola Wahlström, CFO will present and comment on the report and the latest developments in MQ Holding. The presentation will be held in Swedish. The presentation can be followed via audio cast on www.mq.se . It is possible to listen to the audio cast afterwards at the same place. To participate

MQ becomes Marqet: Sweden’s biggest chain with concept stores

Today, MQ is entering a new chapter when the very first concept store named Marqet is opening on Drottninggatan, Stockholm. In 2020, MQ’s other 119 stores will undergo the same makeover. Simultaneously, marqetstores.se is launched online. With Marqet, MQ builds upon the best from its legacy in women’s and men’s fashion and will furthermore integrate a wide range of product categories and services. The aim is to strengthen the position as an attractive destination for inspiration and trends within fashion and lifestyle. “As a concept store, Marqet will develop its range of

A weak quarter with a strong focus on taking the company into the future

The MQ Group had a weak fourth quarter with weak sales and lower earnings. Less clearance stock has adversely affected traffic and therefore sales, but also entails less price reduction in the business overall. MQ’s online shopping segment, on the other hand, is showing strong development with more customers and a higher conversion rate, which is fully in line with our expectations in this prioritised area. During the year, our new Executive Management Team and all our dedicated employees have laid the foundation and set the course for taking the company into the future. We are working

Invitation to MQ Holding’s presentation of the year-end report 2018/2019

MQ Holding will announce its year-end report for the financial year, September 2018- August 2019 on Friday, October 4That 07.15 CET. A telephone conference will be held on the same day for analysts, investors and media at 09:00 CET. Ingvar Larsson, President and CEO and Ola Wahlström, CFO will present and comment on the report and the latest developments in MQ Holding. The presentation will be held in Swedish. The presentation can also be followed via audio cast on www.mq.se . It is possible to listen to the audio cast afterwards at the same place. To participate

Ylva Morud is MQ’s new Head of Design- and Buying

Correction of press release published on the 22nd of August, 2019 at 10:00. Correction refers to inaccurate numbers of stores and contact information.Ylva Morud is the new Head of Design- and Buying at MQ. Ylva comes from a position as Head of Buying at Weekday where she is responsible for both internal and external brands at buying and design. Ylva will take up the position as Head of Design- and Buying at MQ from 1th November 2019. Ylva has long experience from retail and has had several positions within HM, including Head of Buying at &other stories and several manager positions in

Ylva Morud is MQ’s new Head of Design- and Buying

Ylva Morud is the new Head of Design- and Buying at MQ. Ylva comes from a position as Head of Buying at Weekday where she is responsible for both internal and external brands at buying and design. Ylva will take up the position as Head of Design- and Buying at MQ from 1th November 2019. Ylva has long experience from retail and has had several positions within HM, including Head of Buying at &other stories and several manager positions in the buying organization at HM. Ylva also established the global buying organisation for the production organisation. "I look forward to becoming part

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