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Analyst Comment

Stockmann's name changed to Lindex

By Rauli JuvaAnalyst
Lindex Group

Translation: Original comment published in Finnish on 3/25/2024 at 6:50 am EET

Stockmann’s Annual General Meeting approved the change of the company’s name to Lindex Group last Thursday, and the change came into effect on Friday. In the same context, the company’s trading code on the exchange changes and is LINDEX starting today. The name change has no impact on department store operations nor the Stockmann brand. No news was given on the strategic assessment of department stores in this context.

Strategic assessment of department stores continues

Stockmann announced last September that it is planning to change its name to Lindex and that it is exploring strategic alternatives for department store operations. The name has now been changed and the strategic assessment is expected to be completed this year. According to the company, the options include increasing the independence of the Department Stores business within the group, considering possible ownership changes or strategic partnerships, or continuing under the current structure. We believe that one strong option is some sort of arrangement with the company’s main owner, Nordic Retail Holding, based on Konstsamfundet and the Swiss JC Switzerland Holding that became a a big owner at the end of 2022 and who owns, e.g., the Magasin du Nord department store in Copenhagen. We note that the clearest value creation would take place by removing the Department Stores business completely from the group, while other options would not, in our opinion, create value in the same way. In December, we published an extensive report on Stockmann that is still very relevant.

Lindex Group operates in the retail sector. The Group manages a number of stores in major shopping centres and large commercial premises located throughout the Nordic market. The Group is a retailer of several brands and the range consists of clothing, shoes and related accessories. The company has its headquarters in Helsinki.

Read more on company page

Forum discussions

What will Lindex announce at the end of the year? Stockmann will be listed on the stock exchange Stockmann will be sold to party X Stockmann...
12/12/2025, 12:18 PM
by Latela
2
Based on my own observation when I visited the food market almost daily for 4 months recently - the number of visitors on the department store...
12/12/2025, 2:27 AM
by minisijoittaja
10
Lindex expands in Denmark and opens a second store about.lindex.com Lindex expands in Denmark and opens new store in Odense Lindex is taking...
12/11/2025, 3:28 PM
by Kelmeelä
21
Lindex last distributed dividends in 2013. Lindex’s dividend policy is: “The Board of Directors of Lindex Group Plc has set a dividend distribution...
12/5/2025, 7:31 PM
by Tiloski
3
Last year, on December 17th, the deadline for the strategic review was moved to the first half of 2025. In a news item on June 27, 2025, KL ...
12/5/2025, 6:35 PM
by Tnokka
10
Where are Lindex’s strategic solutions? An IPO on the Stockholm Stock Exchange early in the year to boost e-commerce and develop the business...
12/5/2025, 1:34 PM
by hawk_
6
Recommend this (paid) article Riku Lyly ja ennakkoluuloton uusi Stockmann
12/1/2025, 5:27 PM
by Nicolas
4
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