Sellpy news and archive

H&M expands second-hand platform Sellpy to the Netherlands and Austria

H&M Group has announced the expansion of its second-hand fashion platform Sellpy to the Netherlands and Austria following its launch in Germany in the summer. “We see a steady growth in demand for sustainable consumption, where second-hand is a great option,” said Sellpy CEO Michael Arnör in a statement. “Every garment bought pre-owned saves...

Retail

H&M Group brings second-hand platform Sellpy to Germany

H&M Group has announced the launch of its second-hand fashion platform Sellpy in Germany. The group first invested in the Swedish re-commerce platform in 2015 through its investment arm CO:LAB, before becoming its majority owner last year when it increased its overall stake to approximately 70 percent. “We see that the awareness and demand from...

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Business

H&M reinvests in resale platform Sellpy, becomes majority owner

H&M has become the majority owner of re-commerce platform Sellpy after reinvesting in the company and bringing its overall stake to approximately 70 percent. The move aims to support Sellpy’s international growth while also supporting H&M Group’s “strategic work to become fully circular,” the Swedish retail giant announced in a statement. H&M...