OWNER GROUP LED BY AYAD AL-SAFFAR ACQUIRES ÅHLÉNS FROM AXEL JOHNSON

After 34 years as owner, Axel Johnson is divesting Åhléns to an ownership constellation led by Ayad Al-Saffar, owner of the watch and jewelry retail chain Ur & Penn. The new ownership constellation has the ambition to further strengthen, develop and expand Åhléns in the future and to continue its heritage. Axel Johnson was advised by KANTER in the transaction.