×
16 323
Fashion Jobs
NORDSTROM
Asset Prevention Security Ambassador Downtown Seattle
Permanent · Seattle
NORDSTROM INC
Business Intelligence Analyst - Merchandise Operations
Permanent · Seattle
NORDSTROM INC
District Loss Prevention Manager, ny
Permanent · New York
ROSS STORES
Store Protection Specialist
Permanent · La Habra
L BRANDS
Asset Protection Officer, Morse rd (2nd Shift 3pm - 11pm)
Permanent · Columbus
BATH & BODY WORKS
sr. Manager, Carrier Strategy
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Crystal Mall
Permanent · Waterford
L BRANDS
Asset Protection Officer, Morse Crossing - 3rd Shift (11pm-7am)
Permanent · Columbus
VICTORIA'S SECRET
Brand Operations Manager-Coconut Point
Permanent · Estero
BATH & BODY WORKS
District Manager - Bath & Body Works - North Austin - Austin, tx
Permanent · Waco
VICTORIA'S SECRET
Brand Operations Manager-Valley West
Permanent · West Des Moines
L BRANDS
Asset Protection Officer, Broad st -1st Shift 7am-3pm
Permanent · Reynoldsburg
L BRANDS
Asset Protection Officer, New York City
Permanent · New York
BATH & BODY WORKS
Senior HR Generalist - Home Office
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-White Marsh
Permanent · Baltimore
VICTORIA'S SECRET
Asset Protection Investigator, Victoria's Secret (Southland Mall - Hayward, ca)
Permanent · Sacramento
PINK
Brand Operations Manager-Solano
Permanent · Fairfield
VICTORIA'S SECRET
Product Owner
Permanent · Reynoldsburg
ESTÉE LAUDER COMPANIES
Manager, Creative Operations, Creative Content Hub, North America
Permanent · New York
ESTÉE LAUDER
Director, Ecommerce, North America - dr.Jart+
Permanent · New York
JCPENNEY
Product Manager - Site Management Tools & Cms
Permanent · Plano
JCPENNEY
Financial Planning Senior Analyst - Stores Finance
Permanent · Plano
Published
Sep 9, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Bestseller avoids loss, repays state aid, starts hiring

Published
Sep 9, 2020

Vero Moda and Jack & Jones owner Bestseller has said that it made “an unexpected profit” in the latest year, despite the pandemic. The better-than-expected outcome means it will avoid its first-ever annual loss.


Vero Moda/Bestseller



It also means it has been able to pay back the DKK81 million (€10.9 million) support package it received from the Danish government earlier this year.

The company also owns the Only and Selected brands, as well as a raft of other fashion labels.

“The books are closed and we are now awaiting our final closing of the accounts,” founder and company chief Anders Holch Povlsen said. “We can already see that we have managed to avoid the first deficit in the history of our company, which we had previously expected. Our financial results will not look pretty, however, we will make a profit”.

He added that the result wouldn’t have been possible “without all our partners, our landlords and our suppliers – and, in particular, our colleagues”.

But he also said the pandemic “is still creating an unstable situation, both in Denmark and internationally, and we must continue to actively adapt to this. Back in March, we reacted swiftly and tried to diligently plan for the worst, while fighting for the best”.

Another upside of the fact that the firm remains profitable is that it’s also “gradually looking into recruitment – both in terms of rehiring colleagues and identifying new candidates”.

The company employs around 17,000 people globally with 3,300 of them being in its domestic Danish market. At the height of the pandemic, it laid off 750 people. The firm’s final accounts will close in October.

Copyright © 2021 FashionNetwork.com All rights reserved.