Bestseller news and archive

Bestseller Group boosts annual turnover and profit for 50th anniversary

Danish clothing retailer Bestseller A/S can look back on a successful financial year for its 50th anniversary. “This was a special year for us. We are celebrating a milestone that none of us could have imagined when the first shop was opened in 1975,” explained owner and CEO Anders Holch Povlsen in a statement on the announcement of the latest...

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Business

Bestseller invests in German recycling company Matterr

Danish clothing group Bestseller unveiled a new strategic partnership with German recycling start-up Matterr on Wednesday. The group, which owns brands such as Vero Moda, Only and Jack & Jones, invested in the company through its investment arm, Invest FWD. Matterr specialises in chemical polyester waste recycling processes. It had previously...

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Bestseller: Only brand chief Finn Poulsen steps down

The chief executive officer of Only, Finn Poulsen, has stepped down from the helm of the Danish womenswear brand. Effective August 1, Søren Hedensted will take over as brand director, Only announced on Friday on the career network, LinkedIn. He will be supported by deputy director, Heidi Langager. Hedensted has worked for Only for more than...

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Fashion for Good project with Bestseller and Kering demonstrates tracing of viscose

Global sustainability initiative Fashion for Good reported the successful completion of its Viscose Traceability Pilot in time for World Rainforest Day on 22nd June 2021. The pilot is a consortium project with partners Bestseller and Kering and supported by Zalando to trace sustainable viscose in garments using innovator TextileGenesis’...

Fashion

Fashion for Good launches the Renewable Carbon Textiles Project

Sustainable fashion initiative Fashion for Good has launched a project to accelerate the development of Polyhydroxyalkanoates or PHA polymer fibres, a biosynthetic alternative to fossil-based fibres. The production of virgin fossil-based polyester fibres contributes to an increase in greenhouse gas emissions. Biosynthetics made from renewable...

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Why Bestseller, H&M and Primark are resuming sourcing in Myanmar

After a military coup on 1 February 2021 caused a state of emergency to be declared in Myanmar and protests by the population against the military junta’s seizure of power were met with violence, quite a few buyers withdrew from the Southeast Asian country for the time being. After a temporary pause, some apparel companies like Bestseller, H&M...

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How Denmark wants to become a circular frontrunner

A group of Denmark’s largest players have come together for a project called ReSuit: Recycling Technologies and Sustainable Textile Product Design. Its aim is to redraw the boundaries for fashion design, recycling technologies and consumer behaviour to achieve a more sustainable textile industry and the recycling of all textile waste in Denmark....

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Retail

Bestseller launches multi-brand platform The Founded

Bestseller has announced the launch of a new multi-brand platform, called The Founded. The digital destination will replace Beseller.com, with customers looking for Bestseller products online now redirected to Thefounded.com. “The benefits of having strong partnerships with both established and new online partners are plentiful and we have...

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Bestseller pushes circularity with two projects in Bangladesh

According to the motto “waste not, want not,” Danish fashion group Bestseller A/S is supporting two projects that are meant to accelerate its move to a more circular business model. One is about using the company’s own cutting waste and the other about creating recycling yarns. For both projects, Bestseller collaborates with suppliers in...

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The fashion companies promising to pay their suppliers

After the outbreak of Covid-19, fashion companies cancelled orders worth billions with their suppliers, shifting their problems onto those who were most vulnerable: factory owners and workers. After much criticism, more than a dozen companies such as H&M and Levi Strauss made U-turns on their decisions, while others such as Bestseller and...

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Fashion

Jack & Jones unveils SS21 collection to colleagues via livestream

Bestseller-owned brand Jack & Jones has held its first digital collection launch, marking what the group described as a “big step forward” in its digitalisation transformation. The brand streamed its Spring 2021 collection launch via a two-day series of live streams from the brand’s HQ in Brande to colleagues from 21 countries around the world....

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Bestseller offers “early and immediate” payments to suppliers

Danish fashion group Bestseller is immediately releasing payments on current orders to its suppliers, as well as implementing early payments until October, to ensure its suppliers' cash flow and help them through the coronavirus crisis. In a statement, Bestseller said: “Over the past four months, we have all faced significant challenges and...