XXL raises capital, warns of lower margins and exits Austria in 2023


Norwegian sporting goods chain XXL warns that lower margins will cut into Q4 profits and has decided to launch a NOK 500 million (€47.9m) targeted share issue. The largest owner Altor, led by XXL chairman Hugo Maurstad, has committed to a NOK 119 million (€11.4m) contribution. The capital from the ...

if you are already a subscriber of SGI Europe.

Gated access promo

To continue start your 30-day trial for just €9.90

Your trial will give you:

  • Unlimited access to insights and analysis on sgieurope.com
  • Our executive edition of SGI Europe (E-Magazine) - the must-read for all decision-makers in the industry
  • Weekly E-mail Briefing from the Chief Editor; with the lastest analysis and most important industry developments
  • Case studies and best practices on business challenges
  • Guest chronicles, interviews, insights from industry experts and leaders that are shaping the future of the industry

Or continue reading this article and register now.

For team or company-wide subscriptions and enquiries see our corporate membership page.