Stockmann to sell, leaseback its departments store properties in Tallinn, Riga, Helsinki

  • 2020-12-14
  • LETA/BNS/TBT Staff
TALLINN – The Finnish retailer Stockmann is to sell its department store properties in Tallinn, Riga and Helsinki, but will continue operating on the premises as a tenant, Finnish public broadcaster Yle reports. This is part of Stockmann's restructuring program, which has been filed with the Helsinki District Court and must ensure the sustainable operation of the group. According to the program published on Monday, the business operations of group's clothes chain Lindex will also continue under the ownership of the Stockmann Group. &#...
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