Bestseller news and archive

Bestseller owner snaps up majority stake in Drake’s

Anders Holch Povlsen, the owner of Danish fashion giant Bestseller Group and the largest shareholder of e-commerce retailer Asos, has snapped up a majority stake in British menswear brand Drake’s. New Companies House filings have revealed that a 75 percent stake in Drake’s has been transferred to 28.10.2025 Limited, a firm overseen by Povlsen....

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Bestseller and John Lewis among Circulose’s latest partners

Recycled textile manufacturer Circulose has announced a slew of new partners as it continues to push forward with its renewed strategic direction focused on securing long-term commitments from brands. The latest additions include Bestseller, John Lewis, C&A, Filippa K, Reformation, Faherty, Bobo Choses and Zero. Their commitment comes on the...

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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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Bestseller denies ‘damaging’ child labour allegations

Danish fashion giant Bestseller – the parent company of Jacks&Jones, Vero Moda and Only – has denied claims made against it by broadcaster TV 2 alleging evidence of child labour among its supply chain. In a public statement, Bestseller specifically referenced two documentary episodes aired by the Danish media firm via TV 2 and TV 2 Play which...

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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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Line Andrea Fandrup Succeeds Thomas Børglum Jensen as Bestseller CFO

Line Andrea Fandrup as its new chief financial officer (CFO). Fandrup will assume the role on May 1, 2026, succeeding Thomas Børglum Jensen, who has been with the company for the past eight years. According to Bestseller CEO Anders Holch Povlsen, Fandrup was chosen to support the company's significant ongoing investments in sustainability,...

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Bestseller leads 20 million dollar Softwear Automation funding round

Danish fashion giant Bestseller has led a 20 million dollar Series B1 funding round for Softwear Automation, a firm dedicated to autonomous sewing technology that is currently moving towards the commercialisation of its offering. Alongside the strategic investment, which was made via Bestseller’s Invest FWD scheme, Thomas Børglum Jensen, the...

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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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Bestseller’s Belgian journey: “Progress, innovation, and never settling for the status quo”

Bestseller celebrates its 50th anniversary this year and recently marked its 25th anniversary in Belgium. The Danish fashion group, with more than 20 brands in its portfolio, caters to every member of the family across various segments, boasts a strong presence in shopping streets, and continues to expand. Plenty of reason to take a look at...

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Bestseller names Sumit Dhingra country director for India

Danish fashion group Bestseller has appointed Sumit Dhingra as country director of its Indian business, representing a “key milestone” in the company’s “growth and expansion” in the region. He will assume the position from June 1, 2025. He succeeds Vineet Gautam, who stepped down as country director last year. Dhingra joins Bestseller from...

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Bestseller improves profitability amid tough trading year

In 2023-24, Danish fashion firm Bestseller said that the company’s overall results were impacted by challenging conditions in the global fashion market. Despite this, the company managed to secure an improved EBIT and will continue to invest in transforming its business to adapt to new demands. During the year under review, top-line revenue fell...

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Bestseller investing in advanced automation for new logistics centre

Danish fashion group Bestseller, which includes Jack & Jones and Vero Moda, is investing in automation that it states will “take fashion logistics to the next level” at its new logistics centre in the Netherlands. In a statement, Bestseller said it is partnering with automation expert Knapp to deliver cutting-edge technology, including more than...