[3][4] The oldest Finnish low price chain of those who later went into the ownership of Tokmanni, was Vapaa Valinta, founded in 1974 in Pirkkala of Juha and Paula Manninen.

The brothers Kyösti and Kari Kokkonen founded in 1989 a discount store in Joensuu under the name Okman, which was renamed to Tokmanni in 1991.

The matter was resumed in November 1997, when the law firm representing Stockmann sent the Kakkonen brothes a new letter accusing the chain of mocking the brand name of Stockmann and demanding the chain remove the auxiliary brand name Kauppahuone Tokmanni from the company register and to stop using the brand name Tokmanni - Stockmann had also noticed that the chain had used the title "$tokmanni" in local advertising.

In their judgement, the district court noted that Stockmann had inexplicably wasted time in pressing the charges after their first letter had been sent.

[8] Tokmanni's five largest shareholders on 30 September 2019 were Takoa Invest, Elo, Varma, Ilmarinen and OP Financial Group.