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KappAhl publ AB Exits Czech Republic


Monday, 14 Oct 2013 01:30am EDT 

KappAhl publ AB announced that the Company has decided to close down its five stores in the Czech Republic. The general market situation in the Czech Republic has deteriorated since KappAhl opened its first store there in 2009. The stores in the Czech Republic have not achieved the expected profitability. The exit from the Czech Republic is expected to have a marginal effect on the operating profit and should be completed before the end of 2013. 

Company Quote

38.8
-0.4 -1.02%
11:29am EDT