HONG KONG, April 3, 2025 /PRNewswire/ -- Since 1928, The Peninsula name has embodied an elegant blend of tradition, glamour, innovation and service. Visit The Peninsula Boutique at Hong Kong International Airport – a newly transformed retail space to discover a thoughtfully curated collection, which captures the heritage of the company and the Hong Kong spirit.
"The Peninsula has a rich history of providing impeccable service to travellers from all over the world. We are delighted to unveil this newly transformed retail space which offers customers a taste of our signature experience," said Guy Riddell, Managing Director, Peninsula Merchandising Limited.
Following the renovation of the company's flagship store at The Peninsula Hong Kong in May 2021, the newly renovated airport boutique showcases the iconic design developed by renowned London-based interior design studio Conran and Partners that seamlessly blends contemporary and traditional elements.
The newly re-opened boutique offers an exclusive collection that showcases the company's cherished relationship with the city through magnificent skyline illustrations. Guests can bring home a taste of The Peninsula, from palmiers to handcrafted egg rolls and almond puffs, alongside The Peninsula's signature teas and chocolates, to celebrate the unmatched heritage of The Peninsula Hong Kong.
The Peninsula Boutique also carries an array of brand new lifestyle gifts including travel essentials from caps to water bottles as well as colouring mats and wooden play sets to keep the little ones inspired and entertained. Airport exclusives include the adorable Pen Bear, dressed in traditional Kung Fu attire and ready to meet guests with a warm smile, as well as a charming key holder which is an ideal keepsake to take home, capturing fond memories from The Peninsula.
To celebrate the exciting opening, guests can explore an array of limited-time offers including complimentary mini fruit candies upon following The Peninsula Boutique's social media accounts and to receive luscious chocolate squares upon spending of HK$600 or above. The Peninsula Boutique also invites travellers to capture their shopping experience by taking photos and sharing on social media. The three most creative photo entries will win a one-night complimentary stay for two with breakfast at The Peninsula Hong Kong! Join the boutique for a celebration brimming with style, sweetness and delightful surprises!
For more information, please visit The Peninsula Boutique at Shop 7E144, Level 7, East Hall, Terminal 1 (Restricted Area), Hong Kong International Airport, New Territories from 7:00 am to 10:00 pm or email enquiry.pml@peninsula.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
THE PENINSULA BOUTIQUE UNVEILS NEWLY TRANSFORMED RETAIL SPACE AT HONG KONG INTERNATIONAL AIRPORT
Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025
Vikram Atal to serve as senior advisor through December 31, 2025
NORFOLK, Va., April 8, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed President of PRA Group Europe Martin Sjolund to serve as President and Chief Executive Officer (CEO), effective June 17, 2025. Sjolund succeeds current President and CEO Vikram Atal, who announced that he will retire and serve as a senior advisor through December 31, 2025. Sjolund will be appointed to the Board upon assuming the role of President and CEO, and Atal will retire from the Board at that time.
"On behalf of the Board, I want to thank Vik for his leadership of PRA Group during a pivotal time," said Executive Chair of the Board Steve Fredrickson. "Today's announcement is the culmination of the Board's ongoing succession planning process and commitment to enabling long-term, profitable growth."
"It has been a privilege to lead PRA Group through this transformative time in the company's history," said Atal. "Since March 2023, I have worked closely with Martin, and I am highly confident in his ability to further strengthen our global leadership position. His strong track record in our European business, extensive industry knowledge, thoughtful leadership and commitment to our culture and customers will build on our strengths and create meaningful value for our shareholders in the years to come."
"I am honored to have the opportunity to lead PRA Group as we enter our next phase of growth," said Sjolund. "As a team, we have already achieved record global portfolio purchases and double-digit cash growth, expanded our leadership team, improved operational processes and strengthened our capital structure. These actions have positioned us to continue driving the company forward while delivering value to our shareholders."
About Martin Sjolund
Sjolund has served as President of PRA Group Europe since 2018, providing leadership across 15 markets in Europe, Canada and Australia. During his tenure, Sjolund oversaw nearly $3 billion of successful portfolio investments across Europe, all while significantly improving the profitability of the European business. He led our expansion into two new markets, modernized the IT infrastructure and contact platforms, enhanced the data and analytics function and ultimately created one of Europe's most cost-efficient debt buying platforms.
Before being promoted to his current role, Sjolund served as Chief Operating Officer of Europe from 2015 until 2018. He was previously Director of Group Strategy and Corporate Development (Europe), a position he also held at Aktiv Kapital from 2011 until PRA Group acquired Aktiv Kapital in 2014.
Prior to joining Aktiv Kapital, Sjolund held leadership positions in global technology companies and was a management consultant with McKinsey & Company in Singapore and London. Sjolund holds an MBA from the University of Chicago and is a graduate of Georgetown University.
About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.
News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com
Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
PRA Group Announces Leadership Succession Plan
