Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Stockmann plc is a Finnish retailer established in 1862. Stockmann's eight company-owned department stores are in Finland, Estonia, and Latvia. There are an additional nine Stockmann-branded department stores in Russia owned and operated by Reviva Holdings, with a license to use the Stockmann name until 2023.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Revenue(RF), mln.USD
140
Assets(RF), mln.USD
166
Capital(RF), mln.USD
16
Glob.Revenue, mln.USD
950
Offices
12
Staff(RF), 2021
953
Taxes(RF), mln.USD
4

The company has not been operating in Russia since 2015. All business in Russia has been stopped following the Crimea annexation but the deal was finalized in the beginning of 2022. In 2015, Stockmann agreed to sell its Russian operations to Reviva Holdings, which still owns the company. Now the company has 12 representative offices, mainly in Moscow and St. Petersburg. The CEO of Stockmann Russia announced opening of 16 new stores across the country in 2023.

The Company Statement
April 17, 2023

The brand name was sold to Russian investors and the current operations have nothing to do with the Finnish company.

February 09, 2023Stockmann, JSC, TIN 7717145242 | Details, legal address, checkpoint, PSRN, location map, website, e-mail, phone
January 27, 2016Stockmann to sell its department store business in Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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