KappAhl's new owners, Nordic Capital and Accent Equity Partners, appoint a new board of directors.KappAhl's new owners, Nordic Capital and Accent Equity Partners, appoint a new board of directors.
Finn Johnsson has been appointed Chairman of the board while the ordinary board members are composed of Amelia Adamo, Pernilla Ström, Bo Söderberg, Kristoffer Melinder and Jan Samuelson.
The new board of directors will have a solid financial basis to work from.
- The preliminary results for 2004 indicate a significant improvement compared to 2003, says Christian W. Jansson, Managing Director of KappAhl.
The definitive results for 2004 will be presented towards the end of March.
KappAhl's Board of Directors Chairman of the board: Finn Johnsson, MD Mölnlycke Healthcare AB, Chairman of the Board, AB Volvo
Ordinary board members: Amelia Adamo, Amelia Förlag AB Pernilla Ström, ITY AB Bo Söderberg, Nordic Capital Kristoffer Melinder, Nordic Capital Jan Samuelson, Accent Equity Partners
For further information, please contact:
Christian W. Jansson, MD KappAhl +46 (0)708-16 02 20
Ann-Marie Heinonen, Information Manager KappAhl +46 (0)704-71 55 95
KappAhl is a leading Nordic fashion chain with about 270 stores in Sweden, Norway, Finland and Poland. We design, market and sell clothes for the entire family, but our primary target group is women aged 30 to 50 who buy for the entire family. KappAhl's head office and distribution centre, which handles transport to all stores, are located in Mölndal, on the outskirts of Göteborg, Sweden. KappAhl employs around 3,700 people and more than 90 per cent are women. During the 2005/2006 financial year, KappAhl reported sales of SEK 4.2 billion, with an operating profit of SEK 530 million. KappAhl is listed on the Stockholm Stock Exchange. Further information about the company is available on www.kappahl.com