BREAKING NEWS

Finland's Stockmann considers selling its lucrative fashion chain Lindex

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 -
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Jussi Rosendahl(Reuters)
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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.

(Reporting by Anne Kauranen; Editing by Edmund Blair)

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