Finland's Stockmann considers selling its lucrative fashion chain Lindex

FILE PHOTO: Stockmann's flagship department store is seen in Helsinki, Finland November 17, 2017. REUTERS/Jussi Rosendahl - Copyright Jussi Rosendahl(Reuters)

By Reuters

Published on 21/10/2019 - 13:04•Updated 19/04/2024 - 16:12

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HELSINKI (Reuters) - Finnish retailer Stockmann <STCBV.HE> said on Monday it was seeking changes to its loan conditions to "provide sufficient time" to consider whether to sell fashion chain Lindex or pursue other strategic options for its most lucrative unit.

Known for its prestigious department stores, Stockmann has struggled in recent years due to a consumer shift to online shopping, prompting cost-cuts and divestments.