Axel Johnson becomes full owner of Skincity, aiming for strong growth
Axel Johnson becomes full owner of skin care company Skincity after acquiring the 18 percent ownership share from founders Mikael Kjellman and Annica Forsgren Kjellman.
Axel Johnson is a leading family business in rapid renewal, focusing on the group's 10/50/50 target. The group companies currently consist of wholly-owned Axel Johnson International, AxSol, Martin & Servera, and Novax, as well as the partially owned publicly listed Axfood (ownership stake 50.1%) and Dustin (ownership stake 50.1%). In 2023, Axel Johnson's net turnover amounted to approximately 127 billion Swedish kronor, and the group companies collectively employ around 25,000 people. Axel Johnson is a family business run by the fifth generation and is owned by Antonia Ax:son Johnson and her family.