Estonia, EU – Baltic States, Markets and Companies, Retail

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 19:11

Mail-order store Anttila closes Estonian operations

BC, Tallinn, 31.07.2015.Print version
The first and biggest mail-order department store in Estonia, Anttila Eesti, will be closed and the company will be liquidated, LETA/Äripäev.ee writes.

Anttila AS Board Member Tauno Tuula said that the company will be fully liquidated and the local representation closed on July 29th. "It is a question to the owners, why. I cannot comment upon that," he told Äripäev.

 

Anttila's turnover reached last year 4.5 million euros, falling by 7.4% in a year. The company's profit fell in a year by a half to 20,000 euros, Postimees online adds.

 

The German investment company 4K Invest bought the Anttila concern from the Finnish Kesko this spring.

 






Search site