MARIMEKKO CORPORATION PRESS RELEASE
2 April 2009 at 2.00 p.m.
MARIMEKKO ASSUMES OWNERSHIP OF LONDON CONCEPT STORE
Marimekko's agent Skandium Ltd sold the Marimekko concept store in London to
Marimekko Corporation on 1 April 2009. The shop, opened in 2002, is located in
the heart of London at St. Christopher's Place. Marimekko's local operations
will be administered by a new subsidiary, Marimekko UK Ltd. After the
transaction, Skandium Ltd will continue as Marimekko's agent for the UK and the
Republic of Ireland, concentrating on the development and expansion of
Marimekko's dealer network in these countries.
“A company-owned store in London, in the centre of the world's fashion industry,
supports Marimekko's internationalisation strategy. The shop allows us to have
direct contact with the market and customers and to expand our experience in
international retailing. But above all, it offers us an opportunity to showcase
Marimekko design more extensively,” says Mika Ihamuotila, President and CEO of
Marimekko Corporation.
Marimekko has 23 retail shops of its own in Finland and three abroad: in
Frankfurt, London and Stockholm. In addition, there are a total of about 50
retailer-owned Marimekko concept stores worldwide.
MARIMEKKO CORPORATION
Group Communications
Marja Korkeela
Tel. +358 9 758 7238
Fax: +358 9 759 1676
Email: marja.korkeela@marimekko.fi
Distribution:
NASDAQ OMX Helsinki
Principal media
www.marimekko.com
Marimekko, established in 1951, is a leading Finnish textile and clothing design
company renowned for its original prints and colours. The company designs and
manufactures high-quality clothing, interior decoration textiles, bags and other
accessories. Marimekko products are sold in over 40 countries. Products with
Marimekko designs are also manufactured under licence in various countries. In
2008, the company's net sales amounted to EUR 81.1 million. Exports and income
from international operations accounted for 27.0% of the Group's net sales. The
Group employs about 410 people. The company's share is quoted on the NASDAQ OMX
Helsinki Ltd.
