Jesper Reismann named as new VERO MODA Brand Director

Jesper Reismann named as new VERO MODA Brand Director

 

BRANDE, Denmark, 2017-Nov-09 — /EPR Retail News/ — Today (08 November 2017), we are pleased to announce Jesper Reismann as our new VERO MODA Brand Director. Jesper comes with vast experience and will commence his new position in BESTSELLER on 1 March 2018.

With a strong knowledge of retail, wholesale, products and sourcing and with a thorough insight into the Central European markets, Jesper is a solid match. As VERO MODA Brand Director, Jesper will be joining our Executive Team.

“Jesper is a real sympathetic person with a good take on people, leadership and not least a proper approach to running our business. We believe he is the right guy for us, and I look forward to working with him,” says Anders Holch Povlsen.

With more than 20 years of experience from our trusted wholesale partner Peek & Cloppenburg (Düsseldorf), Jesper is familiar with our company.

“During most of my professional life, BESTSELLER has played an important role; as an excellent partner in my buying positions, but also as a great competitor. I have always enjoyed working with the people at BESTSELLER, valued their business culture and admired the agility of the company.

Becoming a part of BESTSELLER and the VERO MODA team is something I look forward to with both great excitement and deeply felt respect,” says Jesper Reismann about the new opportunity.

Jesper is of German/Danish descent and is currently living in Krefeld near Düsseldorf

Contact:

BESTSELLER COMMUNICATION
+45 99 42 16 62
communications@bestseller.com

Source: BESTSELLER

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BESTSELLER announces Ms. Dee Poon as inspirational speaker at UNLEASH

BESTSELLER announces Ms. Dee Poon as inspirational speaker at UNLEASH

 

BRANDE, Denmark, 2017-Jul-21 — /EPR Retail News/ — 1,000 global talents will gather in Denmark this August to look for solutions to some of the world’s most pressing problems. UNLEASH is the name of the event, and it culminates in a grand award show, where presentation of the best solutions will be garnished with world class speakers – BESTSELLER is proud to be presenting one of them.

BESTSELLER is partner of the UNLEASH track ‘Sustainable Production and Consumption’ where more than 120 talents are allocated to find solutions to issues within industries like the fashion industry. To add to this agenda, and to explain the complexity of turning an entire industry onto a more sustainable path, BESTSELLER is proud to present Ms. Dee Poon as inspirational speaker at UNLEASH.

MEET MS. DEE POON
Dee Poon represents one of the largest suppliers of premium shirts and polos around the world – The Esquel Group. The company has been a key supplier for BESTSELLER for over a decade, and the group has a profound focus on sustainability in its way of conducting business and it operates with values that are easily identifiable for BESTSELLER.

Being the daughter of the Esquel Group Chairman, Dee has practically been raised on the company values, and the will to make a difference in the world is something she has taken with her in her current position as Managing Director of Brands and Distribution of the Esquel Group.

“When we think about building a sustainable future, we are talking about creating an environment where our children – and their children – will thrive. To make this happen, we must reimagine our role as suppliers and make sustainability a top priority. At Esquel, we have been integrating sustainability into every step of our comprehensive supply chain, from the cotton farms to our fabric mills and garment factories,” Dee Poon says when asked to comment on the importance of sustainability and the role of suppliers.

“To really make a difference, sustainability and positive actions must come from all parts of the value chain – including consumers, retailers and producers. We therefore look very much forward to hearing Dee Poon – representing her family company that we respect a lot – present her views on sustainability from a supplier perspective,” says Anders Holch Povlsen, Owner and CEO of BESTSELLER.

Dee Poon will give her speech at the ‘UNLEASH Award Show – Presented by BESTSELLER’ on 21 August in Concert Hall (Musikhuset) in Aarhus.

Contact:

E-mail: contact@bestseller.com
Phone: + 45 99 42 32 00

Source: BESTSELLER

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Zalando and BESTSELLER UNITED enter into joint venture agreement for shared ownership of FashionTrade.com

Zalando and BESTSELLER UNITED enter into joint venture agreement for shared ownership of FashionTrade.com

Zalando and BESTSELLER UNITED have entered into a joint venture agreement for the shared ownership of the B2B online fashion wholesale marketplace FashionTrade.com.

BRANDE, Denmark, 2017-Jul-01 — /EPR Retail News/ — FashionTrade.com is at the forefront of digitising fashion wholesale using digital innovation and optimisation to improve everyday working processes that maximize customer profits. The company provides a global B2B fashion marketplace where brands and retailers can connect, trade and grow their business through empowered buying and smarter selling.

The company was founded in 2015 by BESTSELLER UNITED on the back of learnings gained from BESTSELLER.

Zalando enters into the joint venture with a capital increase at FashionTrade, providing the company with funds to accelerate its growth, and the future ownership will be equally shared between BESTSELLER UNITED and Zalando.

“Digitising the wholesale experience and connecting brands and retailers in a simple online solution holds a great potential for the future of B2B fashion,” says Anders Holch Povlsen, owner of BESTSELLER UNITED. “That’s why we are pleased to welcome Zalando and their expertise into this partnership that we expect will bring beneficial insights to brands and retailers alike.”

HOME IN AMSTERDAM

FashionTrade currently has 30 international employees working from their Head Office in central Amsterdam, where they benefit from the highly international atmosphere and available infrastructure. Located in the heart of Europe, Amsterdam boasts a strong digital community and availability of major talent in the technical/digital/big data field.

SOURCE: BESTSELLER

For more information about FashionTrade and the joint venture, please see www.fashiontrade.com

Contact:

Kavita Kooijman
Marketing & Communications
FashionTrade.com
kavita.kooijman@fashiontrade.com
+31 6 11 24 28 43

 

Thomas Børglum Jensen named new CFO in BESTSELLER

Thomas Børglum Jensen named new CFO in BESTSELLER

 

BRANDE, Denmark, 2017-Jun-09 — /EPR Retail News/ — We are proud to welcome Thomas Børglum Jensen as new CFO in BESTSELLER. Thomas joins BESTSELLER with more than 10 years of international experience from the global pharmaceutical company Novo Nordisk.

In BESTSELLER we are constantly striving to deliver results, and we work to continuously improve our business and challenge ourselves to be better. In this light, we are pleased to announce Thomas as our new CFO as of 1 August.

Thomas is bringing with him a sound international experience from Novo Nordisk, where he has been responsible for divisions in both Malaysia and Switzerland, and most recently fulfilled the role as CFO of their Product Supply division.

“Thomas will have some big shoes to fill, but I feel confident that he is the right person to do so, and I look forward to working closer with him, hopefully for many years to come,” says Anders Holch Povlsen, and continues: “Thomas is a very solid and likeable person with a great personality and the right operational experience and mindset to lift our CFO organisation and our company even further.”

“Naturally, I’m very excited to take on the CFO responsibility in BESTSELLER, but I’m also very thankful and humble when looking at the tasks entrusted to me by Anders and BESTSELLER. BESTSELLER is a great company with ambitions, but from what I learned so far about the culture, and especially the people I have met, I’m sure that I’ll be surrounded by a very competent team. I look forward to starting the journey with BESTSELLER and to getting to know my new colleagues,” says Thomas Børglum Jensen.

LISE KAAE TO HEARTLAND

Thomas will take over the responsibility from our former CFO, Lise Kaae, who is going to be heading Anders Holch Povlsen’s holding company Heartland. “I’d like to take the opportunity to thank Lise for the great effort she has put into BESTSELLER, and I look very much forward to continue working with her in her new role,” Anders finishes.

CONTACT:

E-mail: contact@bestseller.com
Phone: + 45 99 42 32 00

Source: BESTSELLER

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JACK & JONES and SELECTED Brand Director Morten Mortensen to leave the company

JACK & JONES and SELECTED Brand Director Morten Mortensen to leave the company

 

BRANDE, Denmark, 2016-Dec-15 — /EPR Retail News/ — After 27 years, JACK & JONES and SELECTED Brand Director Morten Mortensen hands over the torch to his management team.

“Morten has been a large part of BESTSELLER for more than 27 years, where he has been responsible for our men’s wear department since the start-up of JACK & JONES. Since then, we have seen SELECTED emerge and together, these two businesses make up a considerable share of our company and our results”, says Anders Holch Povlsen.
Through the past many years, Morten has been a driving force behind creating successful brands. His approach to building a strong brand through the ultimate menswear store ‘Men’s Comfort Zone’, his approach to collaboration with wholesale customers, his respect for the end consumers and not least his passion for management, training and the continuous development of talents has been impressive, and of great significance for BESTSELLER.

“On our company’s, my family’s and my own behalf, I would like to express our deep gratitude and respect for Morten and the cooperation that has always meant a lot to us,” Anders Holch Povlsen finishes.

Throughout the years, Morten has built a strong management team in JACK & JONES and SELECTED, and the plan is for this team to take over where Morten left and continue building strong healthy brands in BESTSELLER.

Morten Mortensen says:  “I’d like to give a big thank you to Merete, Troels and Anders Holch Povlsen for giving me the opportunity to start, develop and lead JACK & JONES and SELECTED on this long journey. It has been the most joyful trip, and I owe a big thank you to all the dedicated colleagues that have travelled with me along the way. BESTSELLER has been a big part of my life so far, but I feel it is time to try something else. I have no concrete plans for the future, but I have thousands of ideas, and I look very much forward to be spending more time with my family,” says Morten Mortensen.

Contact:

contact@bestseller.com
+45 99 42 32 00

Source: Bestseller

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BESTSELLER announces annual results 2015/16

BRANDE, Denmark, 2016-Nov-24 — /EPR Retail News/ — BESTSELLER’s* annual report shows a turnover of EUR 3.07 billion and a result before tax of EUR 273 million.

“In the past financial year we have experienced a 5% growth in our total turnover. Moreover, last year’s result has doubled to EUR 273 million, which was the ambition we set for ourselves last year,” says Anders Holch Povlsen.

The positive result reflects an increased effort in many parts of the company:

“Again this year, our wholesale activities form the basis of our growth. This combined with an increased focus on costs – including the closing of a number of unprofitable stores and streamlining parts of the organisation – has resulted in a satisfactory financial year,” Anders Holch Povlsen elaborates.

“Especially in southern Europe and England, we have seen great progress, while we in our largest market, Germany, have experienced a small growth. The results in Scandinavia have not been satisfactory, which is also the case for India, Turkey and the Middle East,” Anders Holch Povlsen continues.

E-commerce
“Both our own and our partners’ online activities constitute a growing and increasingly important part of our business. Going forward, we need to focus even more on our digital growth and on ways of reaching our consumers digitally. However, we need to remember that wholesale and retail still represent 80% of our business,” says Anders Holch Povlsen.

Expectations for the future
“Our expectations for the current financial year is to deliver a result corresponding to this year. We need to make sure that we are as competitive and attractive as possible in order to meet our customers’ growing expectations. To continue to make the most of our potential and gain market shares, we must focus on our values and the unity that has been built in BESTSELLER through the years. We have the strength, the courage and the drive to fight for our opportunities and position in the market,” states Anders Holch Povlsen.

“I would like to take the opportunity to thank our many talented colleagues and collaboration partners for their dedication and hard work during the past year. Their efforts have led to us reaching our goal of doubling our result despite challenges in parts of our business,” Anders Holch Povlsen finishes.

KEY FIGURES FOR THE ANNUAL REPORT 2015/16*
Net Turnover:                            EUR 3.07 billion
Result before tax:                     EUR 273 million
Total equity:                               EUR 1.49 billion
Markets: Europe, the Middle East, North America, Latin America, Australia and India.

*All figures are consolidated figures for BESTSELLER A/S and VILA A/S.

SUSTAINABILITY

BESTSELLER’s sustainability report 2015/16 is available at about.bestseller.com/sustainability Friday 25 November.

Contact:

E-mail: contact@bestseller.com
Phone: + 45 99 42 32 00

Source: BESTSELLER

BESTSELLER opens applications for its International Business Trainee (IBT) Programme

BESTSELLER opens applications for its International Business Trainee (IBT) Programme
BESTSELLER opens applications for its International Business Trainee (IBT) Programme

 

BRANDE, Denmark, 2016-Oct-03 — /EPR Retail News/ — Now is your chance to become one of BESTSELLER’s next International Business Trainees!

Once again, we open up for applications for the International Business Trainee (IBT) Programme – a challenging two-year programme which focuses on creating business specialists within specific business units.

As an IBT, you choose a field of specialty for the entire programme. You can choose to be a trainee within Sourcing, Retail Management, IT Technology and Development, Sales, Finance, E-commerce and Design.

“We are proud of our International Business Trainee Programme, and it is our ambition that with this programme, we will educate some of our future leaders in BESTSELLER. The trainees will become part of a high-performance culture, where we are passionate about our work,” explains Anders Holch Povlsen, CEO and Owner of BESTSELLER.

The International Business Trainee Programme consists of three periods with practical work experience and four school gatherings which include both theoretical training and examinations. The first working period takes place in Denmark. For the following two periods, our trainees get the opportunity to gain work experience at one or two foreign BESTSELLER destinations.

Rasmus Hindbo, who began his IBT journey as a Retail Management IBT in September 2015, has experienced what it means to be a Business Trainee in a global organisation: “As an IBT, I have gained great work experience in both Germany and Italy –I have even started learning Italian!”

Rasmus stresses that in order to succeed as an IBT, one must thrive in a dynamic environment: “The culture in BESTSELLER is young and you never know what will happen tomorrow. To me it is very rewarding to be part of a highly dynamic international organisation and I learn something new every single day.“

Read more about our seven different IBT tracks and apply for the IBT Programme here.

Contact:

@bestseller.com
+45 99 42 32 00

Source: BESTSELLER

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

Corporate Communication
Phone: +45 99 42 16 62
E-mail: communications@bestseller.com

BESTSELLER reports EUR 2.93 billion turnover and result before tax of EUR 134 million

UNSATISFACTORY RESULTS DESPITE INCREASE IN TURNOVER.

Brande, Denmark, 2015-11-27 — /EPR Retail News/ — BESTSELLER’s* annual report shows a turnover of EUR 2.93 billion and a result before tax of EUR 134 million.

“An 8% increase in turnover and a EUR 134 million result signify that we are in no way living up to our expectations. It is unsatisfactory and not at the level, where our company needs to be,” says Anders Holch Povlsen.

According to Anders Holch Povlsen there could be many explanations for the disappointing results, however, the answer is quite clear:

“We haven’t been good enough at managing our buying activities, and our retail operations have not been profitable in several markets. Our cost levels are too high when it comes to personnel costs and other operating costs. The fact that we have only performed a partial hedging of the US dollar has also had a negative effect on this year’s result,” states Anders Holch Povlsen.

Market performance
There are no overall tendencies for the development on BESTSELLER’s various markets:

“We suffer a loss on our retail operations in the Middle East, the UK and Canada, and the development on the Scandinavian markets has also been unsatisfactory. However, we do see positive tendencies in Southern and Central Europe,” Anders Holch Povlsen elaborates.

Future initiatives
“This year’s unsatisfactory results come as no surprise to us, and we have already initiated a more strict management of our operations and costs. We have done this through an internal initiative called ‘Fit for Fight’ launched in February 2015. ‘Fit for Fight’ must streamline our operations as well as our organisation and not least simplify our processes. This is necessary in order to turn the tide and present satisfactory results once again.”

“For the financial year 2015/16, we expect a result before tax of EUR 268 million through a continued progress and a concentrated effort from every single one of us in BESTSELLER,” Anders Holch Povlsen finishes.

KEY FIGURES FOR THE FINANCIAL YEAR 2014/15*
Net turnover EUR 2.93 billion
Result before tax EUR 134 million
Total equity EUR 1.4 billion

Markets: Most of Europe, the Middle East, North America, India and globally via e-commerce.

*All figures are consolidated figures for BESTSELLER A/S and VILA A/S.

SUSTAINABILITY
BESTSELLER’s sustainability report 2014/15 is available at bestseller.com/sustainability

For more information, please contact CSR and Communication Director Mogens Werge at +45 27 95 87 13 or mogens.werge@bestseller.com

SOURCE: BESTSELLER

New BESTSELLER FOUNDATION to provide equity and loans to help fight poverty in Africa, rural China and India

Brande, Denmark, 2015-9-1 — /EPR Retail News/ — A NEWLY ESTABLISHED FOUNDATION WILL PROVIDE LOANS AND EQUITY TO ENTREPRENEURS AND BUSINESSES THAT CAN HELP FIGHT POVERTY IN AFRICA, CHINA AND INDIA.

Loans & investments to fight poverty
Africa, rural China and India are home to extreme poverty, but they are also full of potential business cases that need support and partners to be able to grow and create jobs which can lead to much needed development for the poor.

“The new BESTSELLER FOUNDATION aims to make a contribution to fight poverty by investing in – and providing loans to – projects and businesses that can generate jobs, growth and development to the benefit of people in need,” says Anders Holch Povlsen

Business rather than donations
The new BESTSELLER FOUNDATION will therefore focus on providing loans and investing in projects such as ’mobile-money-solar energy’, processing of food products, agri-businesses that add value to crops and much more. Grants and donations will only be provided when it is highly relevant and necessary.

Anders Holch Povlsen continues:”By providing loans and channelling equity, BESTSELLER FOUNDATION wishes to encourage future partners to take more responsibility and pursue growth and development of their businesses that will ultimately help people to help themselves”.

Helping people help themselves
The new foundation will primarily invest in projects and businesses that will create jobs, produce more food and help poor communities and ecosystems become more sustainable.  

WHAT to invest in

 

 

HOW to invest

 

 

WHERE TO invest
– Agriculture & Food Production
– Jobs & Entrepreneurship
– Environment & Nature Conservation 

 

Equity & Shares
Provision of Loans
Grants & Donations 

 

China
Africa
India 

 

BESTSELLER FUND & BESTSELLER FOUNDATION
In 1995 BESTSELLER founders Troels & Merete established BESTSELLER FUND to support cultural, social and charitable projects in Denmark and abroad. Ongoing projects launched by BESTSELLER FUND will be transferred and managed by BESTSELLER FOUNDATION.

In 2015, Anders establishes BESTSELLER FOUNDATION. The new foundation will primarily provide loans and channel equity to businesses and entrepreneurs that can help fight poverty in Africa, India and China.

Read much more and follow about BESTSELLER FOUNDATION on their new website: www.bestsellerfoundation.org

 

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New BESTSELLER FOUNDATION to provide equity and loans to help fight poverty in Africa, rural China and India

New BESTSELLER FOUNDATION to provide equity and loans to help fight poverty in Africa, rural China and India