Mölndal, Sweden, 2017-Nov-21 — /EPR Retail News/ — During the period of 1 December until April 2018, until new CFO Peter Andersson will claim his position, Tommy Svensson will lead the financial work of the KappAhl Group. Tommy Svensson was born in 1958 and has a B.Sc. in Business Administration and Audit. Tommy has many years of experience from qualified work in financial management out of strategic and operational perspectives. He is a consultant at TSS Consult & Invest AB with assignments relating to business development and development of finance and management functions and has previously worked for Vårdapoteket, Hemtex and Lindex among others.
This information is information that KappAhl AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 12.00 CET on 17 November 2017.
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2016/2017 totaled SEK 4.9 billion and the company has approx. 4,000 employees in nine countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com
For further information:
Tel +46 31 771 5661
Head Corporate Communications
Tel +46 704 71 56 31