Cheap Monday
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Cheap Monday is a
Cheap Monday clothes were distributed in a variety of stores worldwide, including
Acquisition
On March 6, 2008 it was announced that retailer H & M Hennes & Mauritz AB (H&M) would acquire the company Fabric Scandinavien AB, maker of Cheap Monday jeans and operator of the Weekday store. H&M bought 60 percent of Fabric Scandinavien for 564 million Swedish kronor (US$92 million at the time) from the founders of the company: Adam Friberg, Lars Karlsson, Örjan Andersson and Linda Friberg. H&M had "the possibility/obligation to acquire the remaining shares in the company within three to five years."[1]
Closure
As of November 2018, H&M announced that they would be closing their Cheap Monday brand due to poor sales. The closure of the business was completed in June 2019.[2]
News
Cheap Monday – launching Summer 2024
Cheap Monday is about the fearless spirit of the youth culture, about empowering the young generation to discover their own path, to explore their creativity, and to express themselves freely. The brand takes its cues from post punk & pop, underground music & art, nepo babies and true idols. Cheap Monday will offer a core collection of Jeans and will be sold via weekday.com and in selected Weekday stores and retailers starting Summer 2024.
See also
References
- ^ "H&M acquires the company behind Cheap Monday, Weekday and Monki". H&M. March 6, 2008. Retrieved January 2, 2010.[permanent dead link]
- Independent.co.uk. 29 November 2018.
- ^ "NordicTrack". www.nordictrack.com. Retrieved 2023-06-15.
- ^ "Vacuactivus". Retrieved 2023-06-15.