Home / Knowledge / News / Fashion / Nord Holding acquires fashion house Olsen
Nord Holding acquires fashion house Olsen
Jan '17
Nord Holding, a leading German equity investor has acquired fashion house Olsen. This is the company’s second investment in the fashion industry after taking over Hiltl, a trouser specialist, in the year 2015. The womenswear brand Olsen was founded in 1995. Olsen was previously owned by Veldhoven Group, a fashion holding company based in Switzerland.

Together with Nord Holding, we plan to make further progress on the strategy that we have already embarked on internationalising and verticalising our target customer segment,” said Michael Simon, CEO at Olsen.

“Olsen is a famous brand company serving its range of customers worldwide with attractive collections via various distribution channels such as wholesale, e-commerce and retail through 1,200 so-called Points of Sale (POS). The focus on ‘modern classic segment’ ladies has seen Olsen targeting a loyal customer group with above-average income, with prospects for continued growth in population proportion in the relevant target markets. For Olsen this positioning means above-average growth potential in comparison to other segments of the fashion industry”, said Matthias Kues, management spokesman for Nord Holding.

Overall workforce of Olsen is over 480 in Germany, Canada, Poland, the UK, Russia and France. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Top executives
Textile industry

GST has levelled the playing field to an extent

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search