12 Jun DEAL OF THE MONTH: HONG KONG GROUP WAS SOLD TO RUSTA
Hong Kong Group owns and operates 24 Hong Kong department stores and four garden centers in Finland, as well as a webstore, which delivers to Finland, Sweden, and Russia. The company, founded in 1989, has close to 500 employees and sales of around EUR 100 million.
Rusta AB is a Swedish discount store retailer with a broad product range that is centered around home living. The company was founded in 1986 and currently has 90 stores in Sweden, 24 in Norway and two in Germany. Rusta had EUR 480 million in sales in 2017.