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.
Danish fashion giant Bestseller's results for the 2019/20 year were better than expected, despite “massive challenges” this spring. But it said that it will need "significant hard work to get back to where we were".
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.
Bestseller's Jack & Jones has said a “revolutionary” chapter has been written in the brand’s history with its first digital collection launch to its teams around the world. And it's planning more live-streamed events.
Danish fashion retail giant Bestseller released its full-year results on Monday and the numbers showed a business that’s continuing to drive sales upwards but is still facing the same challenges as its peers.
The industry is reeling from news that Bestseller owner and major Asos investor Anders Holch Povlsen lost three of his four children in the senseless tragedy that unfolded in Sri Lanka on Easter Sunday.
Bestseller saw rising womenswear sales in its latest year but most profit came from menswear. And while its CEO was happy with the results, he said the new year is proving tough and the company needs to work harder.