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May 24, 2012
Lindex sells Twilfit underwear stores
Published: 4 Jul 05 11:07 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/1699/20050704/
AB Lindex said it has signed an agreement to sell its Twilfit underwear chain to a consortium led by Swedish retail clothing entrepreneur Anders Arnborger.
- Lindex agrees to Finnish offer (1 Oct 07)
- Lindex rejects Kapp-Ahl bid (22 Aug 07)
- Kapp-Ahl bids for Lindex (13 Aug 07)
The sale means that Lindex will divest 38 wholly-owned Twilfit stores, 10 franchise stores and the Twilfit brand name. The transfer of the operation will take place on Sept 1, 2005.
Lindex will retain six Twilfit stores in Stockholm and Uppsala and transform them into Lindex stores, strengthening both the profitability and growth of its Swedish operations, it said.
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