Veldhoven Group, parent company of fashion brands Sandwich, Turnover and Dept, has announced a major overhaul of its strategy which sees the company focusing on its core brand, Sandwich. All production and sales of the brands Turnover and Dept will be halted this year, and Olsen has been sold off to German private equity firm Nord Holding....
Jan 6, 2017
Womenswear brand Olsen, which has been part of the Veldhoven Group since 2013, has been acquired by German private equity firm Nord Holding, for an undisclosed sum. The acquisition announced at the end of December marks the equity firm’s second investment in the fashion industry, after acquiring men’s trouser specialist Hiltl domiciled in...
Jan 4, 2017