JÖNKÖPING, Sweden, May 28, 2020 /PRNewswire/ -- ITAB group
appoints adviser with respect to its financial options to transform
its business and consolidate its market position as the leading
retail solution provider.
At ITAB we help customers turn consumer brand experience into
physical reality with our know-how, solutions and ecosystem of
partners. After many successful years of growth and attractive
levels of profitability, ITAB has over recent years experienced a
dynamic market environment driven by changing consumer
behaviors.
"ITAB is a leader within our industry and we must transform
in order to strengthen our role as market leader and sustain
profitability and future growth. We have decided to simplify our
business model, streamline our operations and invest in our
business capabilities. We will build on our strength of having a
leading position to support international retail chains with our
market presence and our value proposition that is unique on the
market" says Andréas Elgaard, President & CEO of ITAB
Group.
ITAB will focus on three areas to help drive the
transformation:
- Our market efforts will be focused on creating retailer
outcomes as a solution and service provider
- The operating model will be streamlined through shared core
processes and information in order to drive synergies, reduce costs
and increase service levels to the market
- To fuel the transformation and improve the capitalisation of
our business, a financial structure review will be undertaken to
ensure ITAB is best positioned for the benefit of all
stakeholders
"We have appointed Macquarie Capital as independent financial
adviser and when we have further information about the outcome of
the financial review and its conclusions, we will update the market
accordingly", says Andréas Elgaard, President & CEO of
ITAB Group.
For further information, please contact:
ITAB Shop
Concept AB
CEO Andréas Elgaard
Telephone: +46-36-31-73-00
Mobile: +46-73-232-16-35
Box 9054, SE-550 09 JÖNKÖPING
Telephone: +46-36-31-73-00
www.itab.com, www.itabgroup.com
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http://news.cision.com
https://news.cision.com/itab-shop-concept/r/itab-appoints-financial-adviser,c3122420
The following files are available for download:
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https://mb.cision.com/Main/862/3122420/1255317.pdf
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