BESTSELLER UNITED Acquires majority stake in Bianco Footwear

BESTSELLER UNITED HAS BOUGHT THE MAJORITY OF THE DANISH COMPANY BIANCO FOOTWEAR.

BRANDE, Denmark, 2016-Jan-22 — /EPR Retail News/ — Anders Holch Povlsen comments on the new investment in Bianco Footwear:

“We have known the founder behind Bianco Footwear for many years, and I know that we share many of the same ideas and beliefs. At several occasions over the past 15 years, we have discussed the possibility of a closer collaboration between BESTSELLER and Bianco, and now the time has come. Bianco Footwear is heading in the right direction, and I hope that we can help the company expand its wholesale and online businesses. Moreover, I trust that a closer collaboration will become beneficial for both BESTSELLER and Bianco in the long run.”

Bianco Footwear will continue as an independent brand with its own organisation and management.

The purchase is conditional on approval from the competition authority. This is expected to happen at the beginning of February 2016.

About Bianco Footwear
Bianco Footwear is a well-established franchise company with more than 140 shops in Norway, Sweden, Finland, Iceland, the Middle East, Poland, Germany and Denmark. Since the company was founded in 1987, the mission has been to meet customer expectations with the unexpected and to offer the customers a fashionable alternative to costly designer shoes.

SOURCE: BESTSELLER

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