- Business
- Lindex Group Oyj operates as a Finland-based international multichannel retail group focused on fashion and department store operations through its two primary divisions, Lindex and Stockmann; Lindex offers womenswear featuring Scandinavian design emphasizing modern femininity, simplicity, and sustainability, kidswear designed for playful self-expression, lingerie with expertise in fit and comfort rooted in its heritage, and cosmetics as a complementary extension to complete customer looks; Stockmann provides curated selections of fashion, beauty, home products, and food via seven department stores in Finland and the Baltic countries plus an online store. The company, founded in 1862 and headquartered in Helsinki, Finland, maintains approximately 440 Lindex stores across 17 markets including Nordic countries, Baltic states, Central Europe, and the Middle East, with nine franchise operations, online sales in 32 countries via lindex.com, and worldwide e-commerce partnerships with platforms such as ASOS, Zalando, Boozt, About You, Manor, and John Lewis; Stockmann targets premium customers seeking quality brands for daily and special occasions. Formerly known as Stockmann Oyj Abp, the company changed its name to Lindex Group Oyj in March 2024 to reflect its strategic emphasis on the dominant Lindex division, which accounts for 67% of group revenue; recent developments include the conclusion of its corporate restructuring programme on August 15, 2025, following the settlement of the last related dispute and multiple directed share issues to restructuring creditors, the on-schedule launch of Lindex's new omnichannel distribution center in late 2024 representing the largest investment in its history to quadruple e-commerce capacity and support global platform collaborations, completion of Stockmann's Turku department store renovation in September 2025 with new menswear additions, plans to close the Stockmann Itis store in Helsinki announced in February 2025, and ongoing exploration of divestment options for the Stockmann division after failed acquisition talks in October 2025.