Fashion
Online fashion retailer Zalando has taken another step in its quest to make its operations more sustainable. It is co-investing in a capital round of the Finnish company Infinited Fiber, which recycles fibres from cellulose-rich materials ranging from old textiles to cardboard and wheat straw.
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Under the name The Founded, Bestseller has launched a new online platform, where all brands of the group will have a place. The current Bestseller website will be transformed into a corporate website.
Fashion brand Object, part of Bestseller, collaborates with Swedish innovator Renewcell to produce clothing made (partially) from recycled textiles.
The Bestseller group, known from brands as Only, Vila and more, is setting up a 'Fashion FWD Lab' to develop sustainable initiatives and materials. The company is working on leather from fruit waste and circular textiles.
Bestseller, the group behind Vero Moda, Jack & Jones and more, closes its financial year "unexpectedly positive". The decline in turnover was smaller than expected, although profits plummeted rapidly.
Danish retailer Bestseller is laying off 750 people, Swedish giant H&M fears it will have to cut tens of thousands of jobs due to the coronavirus crisis.
Danish fashion group Bestseller (Jack & Jones, Vero Moda, Only) has increased its turnover by 7 % in its financial year 2018/19. However, due to major investments, the profit was lower than a year earlier.
The investment group behind the Danish fashion group Bestseller, Heartland, has taken a 29 % stake in German e-commerce platform About You in a recent capital round, which raised About You about 300 million dollars.
The Danish Bestseller group has taken a significant stake in German fashion platform About You. A capital increase of some 250 million euros should enable further growth of the online retailer.
British fashion retailer French Connection, known for its FCUK quote, has sold its Toast subsidiary to Danish clothing group Bestseller, which also owns brands like Vero Moda and Jack & Jones.
Fashion chain Vero Moda, part of Danish Bestseller, will launch a new Aware collection in the fall, which should become even more sustainable than its current Green Attitude collection.
German Zalando and Danish Bestseller have joined forces in a joint venture, called FashionTrade.com, to supply the Bestseller chains.
m-Tail
Anders Holch Povlsen, who owns Danish online retailer Bestseller, has acquired the Miinto Group, a Danish online platform with some 20,000 fashion brands' products.
