Lexington to expand in the US, lists on Nasdaq
Swedish lifestyle label The Lexington Clothing Company is opening a New York store, after its three US concept stores were a success.
Lexington is also looking for a new wholesale distribution partner for the US for 2015's fourth quarter. Earlier this year, the company was listed on Nasdaq, First North Stockholm. Its IPO was oversubscribed 21 times.
The retailer opened its first US concept store in 2012 and has seen steady growth since. It now intends to develop its presence in the wholesale market, through department stores and specialty boutiques throughout the Northeast.
"We are excited for this new phase of development in the US market and currently seeking the right partner to help develop the brand direction at the wholesale level. It is a wonderful opportunity to collaborate and make a larger impression in the US marketplace," says Kristina Lindhe, Founder, CEO and Creative Director of the Lexington Clothing Company.
Founded in 1997, Lexington Clothing Company has 20 owned concept stores and 36 franchise freestanding stores in 5 countries. It is sold in over 900 stores in more than twenty countries on four continents, with leading department stores Harrods and Selfridges, House of Fraser in the UK, El Corte Ingles in Spain, Lotte in Korea, Stockmann in Finland, and Illum Bolighus in Denmark.
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