Stockmann plc's corporate restructuring
Stockmann plc’s file for corporate restructuring was handed in to the District Court of Helsinki on 6 April 2020. Over half of Stockmann plc’s creditors have indicated a positive stance to the filing for corporate restructuring.
Group subsidiaries, including the Stockmann department stores in the Baltics and Lindex, are not in scope of the restructuring proceedings.
The company’s Board of Directors will convene a general meeting, at a date to be announced later, to decide on the possible extension of the restructuring proceedings. Stockmann will publish its Interim report for January–March on 30 April 2020. Stockmann will provide a new guidance when the visibility in the company’s markets is clearer.
Stockmann’s service will continue as usual
The filing for corporate restructuring does not affect our daily operations. Stockmann’s online store is at your service as normally, as well as our department stores in accordance with the announced opening hours. The filing for corporate restructuring will not affect our loyal customer programme or its benefits.
Gift vouchers bought at Stockmann can be used as usual. Payments for return of products purchased in the online store will also be made in accordance with normal praxis.
Stock exchange releases and documents published in connection with the corporate restructuring proceedings