Kesko to gradually wind up Musta Pörssi Ltd’s operations

Musta Pörssi to wind up operations

HELSINKI, Finland, 2015-12-7 — /EPR Retail News/ — Kesko will gradually wind up Musta Pörssi Ltd’s operations and close the mustaporssi.fi online store by the end of 2015.

Business operations of Musta Pörssi have focused on home technology and electronics. Kesko closed the chain operations of Musta Pörssi in 2013 and divested Anttila Ltd, in which these product groups were strongly represented, in early 2015.

In spring, Kesko published its strategy, the core of which is to seek growth and efficiency by focusing on the grocery trade, the building and home improvement trade and the car trade. Kesko is strongly developing digital services and online sales particularly in the strategic growth areas.

Efforts will be taken to find new jobs for Musta Pörssi Ltd’s employees in Kesko’s other business operations. Musta Pörssi Ltd and mustaporssi.fi currently employ 11 people.

Further information:
President Matti Pohjola, Musta Pörssi Ltd, tel. +358 50 3624 781
Vice President, HR and Communications, Jennie Stenbom, Kesko’s home improvement and speciality goods trade, tel. +358 10 532 2356

Kesko is a Finnish listed trading sector company. Kesko operates in the grocery trade, the home improvement and speciality goods trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners. In 2014, Kesko’s net sales totalled €9.1 billion and it employed nearly 20,000 people. Kesko has over 1,500 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Russia and Belarus. Kesko’s shares are listed on Nasdaq Helsinki. The company’s domicile and main premises are in Helsinki. Kesko is the fifth most sustainable company in the world (The Global 100 Most Sustainable Corporations in the World). www.kesko.fi

SOURCE: KESKO

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