Stockmann to invest EUR125m to its Helsinki department store - report

Nordic Business Report-March 29, 2006-Stockmann to invest EUR125m to its Helsinki department store - report
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Finnish department store chain Stockmann Oyj Abp is to reportedly invest EUR125m to expand its Helsinki department store.

The company reportedly expects to see a EUR50m increase in annual sales.

The store is scheduled to open in 2010 with 10,000 square metres of extra trading space and a new underground car park, reported the Finnish news agency STT.

One euro (EUR) is worth approximately 0.69 British pounds (GBP).

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