Vero Moda news and archive

Bestseller improves profitability amid tough trading year

In 2023-24, Danish fashion firm Bestseller said that the company’s overall results were impacted by challenging conditions in the global fashion market. Despite this, the company managed to secure an improved EBIT and will continue to invest in transforming its business to adapt to new demands. During the year under review, top-line revenue fell...

Report

Bestseller increases annual turnover but profit drops

In the financial year 2022/23, Bestseller managed to increase its turnover by 5 percent to 5,973 million euros, while the result before tax totalled 664 million euros, 19 percent lower than last year. The Danish fashion company having 20 brands including Jack & Jones, Vero Moda and Only under its portfolio said in a statement that the overall...

Report

Bestseller expects challenging year ahead

Following record growth in 2021-22, Bestseller expects more challenging market conditions in the coming year. The company said in a statement that while Bestseller achieved remarkable results in the past two financial years, recent months – and the global economic and geopolitical situation indicate the current year will be more challenging. “...

Business

Bestseller reopens London showroom with new digital-focused strategy

Danish fashion group Bestseller has reopened its London showroom, doubling its space and implementing a new digitally focused sales strategy. The company, which owns the likes of Jack & Jones, Vero Moda and Vila, said in a release that it had “ambitious growth plans” in the UK over the next five years, with its new showroom designed to present...

Retail |In Pictures

In Pictures: Vero Moda unveils new store concept

Vero Moda has implemented a new shop concept, its parent company Bestseller reported on LinkedIn and a spokesperson for the brand confirmed to FashionUnited. The intention is that the new concept will be rolled out to the thousands of stores operated by the Danish brand over a short period of time. It has been quite some time since Vero Moda's...

Business

Estonia’s Tallink Grupp sells their onshore fashion retail business to Talwest Grupp OÜ

Estonian retail group Tallink Group has announced an agreement to sell its onshore fashion retail business Baltic Retail OÜ to Talwest Grupp OÜ. Aimed at offsetting the impact of the pandemic, Tallink Group explained that it needed to refocus on the company’s maritime transport and onboard operations, therefore exiting the onshore fashion retail...

Retail

Bestseller brands partner with Bambuser for live shopping

Danish fashion group Bestseller has announced that two of its brands, Name It and Vero Moda, have launched a live shopping broadcasting platform in partnership with Bambuser. Name It, a childrenswear brand, will broadcast live several times per week with prominent Danish influencers participating as hosts or guests. The live shopping experience...

BusinessFeatured

Bestseller offers “early and immediate” payments to suppliers

Danish fashion group Bestseller is immediately releasing payments on current orders to its suppliers, as well as implementing early payments until October, to ensure its suppliers' cash flow and help them through the coronavirus crisis. In a statement, Bestseller said: “Over the past four months, we have all faced significant challenges and...

Video

Video: Vero Moda FW17 campaign

Vero Moda collection Fall/Winter 2017 campaign. Source: VERO MODA Official, YouTube

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Jesper Reismann named Brand Director of Vero Moda

Jesper Reismann is joining Vero Moda as the new Brand Director. The company said, Reismann comes with vast experience and will commence his new position in Bestseller on March 1, 2018. “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...

Fashion

Vero Moda to launch debut sustainable collection: Aware

London - Vero Moda, one of the leading fashion brands from Bestseller, has launched its first collection focusing on sustainability. Named Aware, the standalone collection is said to be Vero Moda's "first step towards bridging" the gap between offering seasonal fashion and more sustainable collections. The debut collection features a range of...