What: Stockmann commences a strategic assessment; considers changing the Group’s name to Lindex Group and investigates strategic alternatives for the Department Stores business.

Why it is important: This strategy reflects Stockmann’s focus on enhancing shareholder value and optimising its business strategy, particularly by emphasizing the significant contribution of Lindex to the overall performance of the company.

Lindex, which generated over two-thirds of Stockmann Group's revenues in 2022, will remain unaffected by the possible name change. The Department Stores business will evaluate options such as increased independence, ownership changes, strategic partnerships, or continuation under the current structure. The strategic assessment will not impact the daily operations or iconic brand of Stockmann Department Stores.

Any decision regarding the name change would be subject to approval at Stockmann's general meeting, with the assessment expected to be completed by 2024.

Stockmann considers changing its name and alternatives for the Department Stores business