Manna & Co acquired of the iconic Lexington Company, listed on Nasdaq Stockholm
Known for its clothing and home design, Lexington operates in more than 20 markets. Manna & Co is already the parent company of Finlayson, Vallila and Makia, among others. According to Manna’s CEO, there will definitely be more acquisitions.
Manna & Co and the founding owners of Lexington Kristina and Tommy Lindhe and some of the company’s other major shareholders have agreed to acquire a 68.1 percent stake in Lexington, a Stockholm-listed company listed on First North.
The sellers will leave the ownership completely and will not remain the owners of Manna & Co, says Mannan’s CEO Mikko Koponen.
Founded in 1997, Lexington is an internationalized design and lifestyle brand that currently operates in more than 20 markets.
In Finland, Lexington’s products are sold, for example, by Stockmann and several Interior Design stores. Lexington’s net sales in 2021 were approximately EUR 30.7 million and EBITDA was approximately EUR 2.7 million.
Lexington has about 125 employees. Lexington will continue to operate independently in the same way as other Manna & Co brands.
Manna & Co brands already include Finlayson, Vallila, Makia, Reino & Aino and Sasta.