What: Stockmann’s shareholder’s club is growing with a Swiss investor expert in retail.

Why it is important: The shareholders’ views are in the continuation of the efforts made by Stockmann’s management in elevating the brand and the store.

JC Switzerland holding, which is behind Peek & Cloppenburg and its recent acquisition of Magasin du Nord, took a 5% share in Stockmann in January 2023 and partnered with The Art Society, meaning that both companies will hold 15% of the voting shares. For the CEO David Barst, Stockmann enjoys quite a unique position, being virtually without competition in Helsinki, and with a high level of recognition from local customers.

For Barst, Stockmann should explore a more exclusive positioning, but not being only for rich tourists.

Stockmann’s new co-owner shares his views on his recent investment