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RESTRUCTURATION OF TALLINNA KAUBAMAJA GROUP AND ESTABLISHMENT OF SUBSIDIARIES

RESTRUCTURATION OF TALLINNA KAUBAMAJA GROUP AND ESTABLISHMENT OF SUBSIDIARIES

TALLINN, 20.07.2020, www.nasdaqbaltic.com - With the aim of reorganising the structure of the companies of Tallinna Kaubamaja Grupp, splitting up retail sale and wholesale of beauty products and footwear into separate companies, and developing financial services that support retail trade, the Group’s subsidiaries will be restructured and three new subsidiaries will be established as set out below.

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June 2020