Mellby Gård, a family-owned, long-term investor that endeavours to preserve the entrepreneurial spirit of its companies, completed the acquisition of 91.5% stake in Kappahl, retailer of men's, women's, and children's clothing for $153m. Mellby Gård has initiated compulsory acquisition of the remaining shares in KappAhl. KappAhl has applied for de-listing of KappAhl’s shares from Nasdaq Stockholm and the last day of trading is on 30 Oct. 2019. "We in the independent bid committee take our task very seriously and intend to conduct our work with integrity, accuracy and in the best interest of all shareholders. We will shortly present which financial advisors we have chosen," Pia Rudengren, Kappahl Board Members.