Latest Ellos Group News & Updates

See the latest news and media coverage for Ellos. We track all announcements, press releases, and industry mentions in real time, all in one place.

Ellos Group (Ellos)

Nordic e-commerce retailer of fashion and home furnishings

ellosgroup.com

Headquarters: Borås, Sweden
Founded year: 1947
Company type: Public company
Number of employees: 500–1,000

Last updated Today

Latest news about Ellos Group (Ellos)

In short: Ellos completed a restructuring that eliminated 25 roles to save $19 million annually and established new financial goals ahead of an IPO.

Company announcements

Yesterday Ellos

Ellos Holding rejects indicative bid of SEK 76.50 per share

The main shareholders believe that the bid does not reflect the company's full value.

June 4 Ellos

Ellos Group completes organizational adjustment with 25 roles removed

The measures result in savings of approximately 19 million SEK per year and a one-time cost of 7 million SEK.

May 26 Ellos

Ellos announces timetable for share consolidation

The decision from the annual general meeting on May 19 was registered and the number of shares decreases to 19.7 million.

May 19 Ellos

Ellos held its annual general meeting with decisions on the board and capital

The board was re-elected, no dividend will be paid, shares are consolidated 1:40, and the board is authorized for a new share issue.

Media coverage

June 4 Ehandel.se

Clear: So many will leave Ellos after the AI transition

In April, the e-commerce group Ellos Group announced that an organizational adaptation would be initiated. The purpose was to increase efficiency and meet the technological development in AI and data-driven...

May 27 Ehandel.se

They erase millions - and the major shareholder donates shares

The merger also entails technical adjustments in the accounting. Among other things, over three million shares are completely withdrawn. To facilitate for smaller shareholders, whose...

April 22 Dagens industri

They are cutting back - ahead of the planned stock market listing

Staff reductions are expected at the e-commerce giant Ellos group. It appears in a press release that was sent out on Wednesday, reports...

April 2 Ehandel.se

The billion company's new plan - will beat the market's growth

The board of Ellos Holding has decided on a new direction for the business. The decision means a focus on creating profitability and long-term value. The company...

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