Just a short time after announcing that it has recruited a new logistics director, fashion giant Bestseller has now said that in the coming year it will start construction on a high-tech Netherlands logistics centre.
Bestseller said Friday that its Business Development unit is currently testing the value of a new digital solution for all brands at its Rømerhus store in Aarhus following a successful test with the Selected label.
A number of big clothing names have taken part in the latest funding round for Infinited Fiber Company with it having raised €30m in new capital from a group include existing investor H&M, plus Bestseller and Adidas.
The Bestseller group’s founder has bought a 10.1% stake, via his holding company Heartland, in the company owned by Israeli group Fox. Previously, Povlsen had bought stakes in Asos and German fashion e-tailer About You.
German retail giant Otto Group is planning to list its About You fashion retail operation on the Frankfurt Stock Exchange as the lockdown easing across Europe mean its occasion and partywear offer should see a boom.