Otrium news and archive

Otrium CEO resigns, sells American branch

Outlet platform Otrium is starting 2024 with several changes. These include a CEO transition and the sale of its US arm, according to a LinkedIn post by Zuhairah Washington, Otrium's now former CEO. Washington had not been CEO of the platform for very long, as her appointment was only announced in July of 2023. At that time, she had been working...

Fashion Featured

Saving clothes from landfill, two companies leading the way in war on waste

Two standout companies from Fashinnovation's 9th Worldwide Talks in September are determined to show us the value of what we already have. One works to ensure all discarded clothes are recycled, the other strives to make sure all unsold clothes get worn. The result is that neither old nor new clothing will end up in landfill, not on their watch....

Fashion

Otrium and Bleckmann extend garment repair partnership

Otrium, the digital fashion outlet tackling excess inventory, is launching a dedicated garment refurbishment and repair programme for damaged returns following a successful pilot scheme with Bleckmann's team of circular fashion experts from The Renewal Workshop. The initiative will be run in partnership with logistics specialist Bleckmann and...

ManagementFeatured

Otrium names first female chief executive

Otrium, the digital fashion outlet tackling excess inventory, has appointed Zuhairah Washington as the brand’s first female chief executive officer. Washington joined the company in 2021 as president and chief operating officer, and as CEO, she will be driving international growth and overseeing all aspects of Otrium’s global operations,...

Business

How off-price business models can reduce CO2 emissions and textile waste

Fashion outlet platform Otrium, in collaboration with carbon tracking software Vaayu, has published an analysis of CO2 emissions and textile waste savings through off-price business models. Using Vaayu's proprietary artificial intelligence, machine learning and life cycle assessment, the calculations pulled in data from over 45 fashion brands...

Business

British Fashion Council announces Otrium as a new Patron

The British Fashion Council has announced Otrium as its newest Patron. The end-of-season fashion platform joins companies including Depop, Farfetch and Yoox Net-A-Porter Group in sponsoring the UK's official fashion body. Otrium’s co-CEO Milan Daniels will join the BFC’s advisory board as part of the deal. Patronage is vital to the BFC's...

People

Otrium names Anja Popp as chief people officer

Off-season fashion platform Otrium has named Anja Popp its new chief people officer to spearhead its people-first HR approach. Popp, a strong proponent of remote work, has been tasked with leading Otrium towards a fully remote model as it seeks to improve the sustainability of the fashion industry by ensuring all clothing is worn. With a...

Fashion

Otrium launches into the US

End-of-season fashion marketplace Otrium has announced its expansion into the US. The marketplace, which specialises in selling excess inventory, will launch in the US with brands including Adam Lippes, Belstaff, Cynthia Rowley, Faherty and Reiss. Many of the brands on its European platform, including Karl Lagerfeld and Asics, will arrive later....

Fashion Featured

Otrium partners with Good On You to enhance sustainable offerings

Fashion outlet marketplace Otrium is partnering with Good On You, the sustainability rating platform to showcase brands “going the extra mile when it comes to sustainability” with a focus on people, planet and animal welfare to its three million members. The partnership will allow Otrium members to select a filter on the website or app to show ‘...

Business

Otrium raises 120 million dollars

Online fashion outlet store Otrium has raised 120 million dollars from investors as it rolls out its United States launch and builds out its platform for selling end of season inventory. The Amsterdam-based company saw revenues triple in 2020, and was one of the few fashion companies that saw growth during 2020 as the world reckoned with the...

Management|ANALYSIS Featured

Otrium raises 24 million euro to fuel international expansion

New York – Amsterdam-based online fashion marketplace Otrium has recently secured a 24 million euro Series B financing round led by investors with stakes in other fashion companies such as Alibaba, Farfetch and ASOS. Otrium helps global and independent clothing brands sell end-of-season collections that would otherwise go unsold, as the company...

Business

Dutch online outlet Otrium receives 7 million EUR from Index Ventures

Index Ventures, the venture capital firm backing Asos, Farfetch and Net-a-Porter, has invested 7 million euros (approximately 7.8 million US dollars or 6 million pounds) in Otrium, a Dutch marketplace where brands can sell their unsold stock with discounts of up to 75 percent. In addition, Index partner Danny Rimer is set to join Otrium’s board...