BoConcept Holding
Internal change to the supervisory board of BoConcept Holding A/S

DGAP-News: BoConcept Holding

05.12.2014 / 07:18

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After a significant upgrade of BoConcept's concept and collection, management
is now implementing an adjustment of its business base and model. The worst
performing stores will either have new franchisees or be closed, the group will
adopt a narrower focus on its market portfolio and improve efficiency, and the
franchise model will be optimised. The adjustments will increase the group's
EBIT to 5-7% in the 2016/2017 financial year. 

To ensure that these operational adjustments receive maximum backing and can be
put into effect, the group is making the following internal changes to the
supervisory board of BoConcept Holding. Peter Thorsen is appointed chairman of
the board. Mr Thorsen, who has been the deputy chairman of BoConcept's
supervisory board since 2013, has extensive knowledge of operations, business
development and turn-around processes in international businesses. In
consultation with the group's day-to-day management, he will secure the best
possible basis for and focus on the implementation of the revamped business
model. 

Viggo Mølholm is joining the supervisory board as deputy chairman.





Herning, 5 December 2014


         For further information, please contact chairman Peter Thorsen on tel.
+45 40 70 06 76
News Source: NASDAQ OMX



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05.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English            
Company:     BoConcept Holding  
 
 
             Denmark            
ISIN:        DK0060050201       
 
 
End of News    DGAP News-Service  
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