Nordiska Kompaniet CEO, Bo Wikare, has stepped down following financial losses experienced by the company. NK is a luxury department store located in Stockholm and Gothenburg, in Sweden. The store in Stockholm receives some twelve million visitors annually and also sells home and lifestyle products.
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Wikare has served as CEO of NK since 2020, and has announced it was mutually decided that he depart from his position as CEO of NK. He has opted not to accept an alternative role within the group.
The quest for his successor has commenced. At the same time, the company has expressed confidence in its potential for turnaround.
Source: www.ehandel.se