The year was 1989 when Billighetscompaniet was started by Stefan Palm in Ulricehamn. This company was, according to the company’s own website, the model for what became Lager157 in 1999.
Now there is the clothing store chain, as before received criticism received for the working conditions in the manufacturing process of the products, all over Sweden.
Lager157 has a turnover of billions
In 2022, Lager157 had a turnover of almost SEK 1.9 billion and had a profit of SEK 320 million, which can be compared to 2018 when the corresponding figures were SEK 911 million and SEK 89 million.
The assets in the company were measured at a whopping SEK 1.3 billion in 2022, according to All companies.
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Stefan Palm collects multi-million sums
But how is it then on the financial front for Stefan Palm? Well, in 2022 he had, according to documents from Tax Agency as News24 took part in, a determined earned income of SEK 2,697,200.
In addition, Palm had a surplus of capital that landed at a staggering SEK 74,985,835.
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