While the fashion industry continues to face challenging conditions, BESTSELLER has succeeded in delivering results that point toward progress in its 2024–2025 financial year. These results create the foundation for accelerating the company’s development and transformation. This happens in the year in which BESTSELLER celebrates its 50th anniversary.
The investment from BESTSELLER follows a substantial grant from the EU, ensuring that German innovator matterr is now ready to advance plans on their upcoming factory in a bid to scale polyester recycling. The strategic partnership with matterr is part of BESTSELLER's ongoing investments in the development of future materials.
BESTSELLER is currently in the midst of significant investments across the business – from sustainability initiatives to digitalisation and new market activities in a number of countries where the company aims to expand. To support this development, Line Andrea Fandrup is joining as CFO.
American company Softwear Automation, specialised in automated garment production, secures USD 20 million in a funding round led by the family-owned fashion company BESTSELLER.
As the first of its kind within BESTSELLER, the company is incentivising employees for sustainability goals, effective from 2025. The new initiative aims to motivate and accelerate the commitment to collectively transform the industry and bring fashion forward.
In 2023-24, BESTSELLER’s overall results were impacted by challenging conditions in the global fashion market. Despite this, the Danish fashion company managed to secure an improved EBIT and will continue to invest in transforming its business to adapt to new demands.