Embellence Group subsidiary Boråstapeter AB will as of January 1, 2022, be divided into two limited companies.
Embellence Group AB (publ) (“Embellence”) has been informed that JCE Asset Management AB (“JCE”) has entered into an agreement with Embellence’s largest shareholder, Litorina Coinvest 1 AB (“Litorina”), to acquire 2,247,000 shares in Embellence from Litorina, equivalent to 10.5 per cent of the shares and votes in Embellence.
As part of the Pappelina brand’s continued international expansion, the assets of Dalaslöjden AB, which has manufactured Pappelina’s rugs since 1999, have been acquired. The asset acquisition pertains to both of Dalaslöjden’s production facilities, one in Leksand, Sweden, and one in Estonia, including inventories. All employees – about 30 people – will be offered continued employment.
Embellence Group publishes the quarterly report for the third quarter (July to September) on October 25 at 08:00 CEST. In connection with the announcement, Embellence Group invites to a video conference on the same day, held at 10:00 CEST.
Tentative demand during hot summer months
Embellence Group appoints Robert Shams Smolander as Head of Group Change Management & Sustainability
During the month of December, Robert Shams Smolander will take up the new position as Head of Group Change Management & Sustainability with responsibility for the Group's work with sustainability, strategic change initiatives and additional acquisitions.
Demand continues to increase
Embellence Group publishes the quarterly report for the second quarter (April to June) on August 23 at 08:00 CEST. In connection with the announcement, Embellence Group invites to a video conference on the same day, held at 10:00 CEST.