Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Luhta strengthened international sales during the pandemic
September 25, 2020
COVID-19 has accelerated the transformation of the fashion trade, according to Vesa Luhtanen (100%, 59y), owner and CEO of the Lahti-based sportswear company Luhta. He highlights that especially companies that have both their own production and sales to consumers are performing well, where Luhta itself has strengthened its international sales in 2020. The company was hard affected when their Wuhan-based factory was closed at the start of the year. Luhta houses sports brands such as Luhta, Icepeak, Rukka and Torstai i.a. The Group has 1,700 FTEs and delivered revenue of EUR 245m in 2019.
ⓘ This story was originally featured in our daily M&A Insights newsletter.
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