>>
Home / Knowledge / News / Apparel/Garments / H&M announces new follow-on investment in Sellpy

H&M announces new follow-on investment in Sellpy

14
Oct '19
Pic: H&M
Pic: H&M
H&M has announced a new follow-on investment in Sellpy, a re-commerce platform, to support Sellpy’s international expansion. The investment also supports H&M’s strategic work to become fully circular. H&M, headquartered in Sweden, consists of eight defined brands which offer customers a wealth of styles and trends within fashion, beauty, and accessories.

H&M started investing in Sellpy in 2015, and has since then participated in all investment rounds through its investment arm, CO:LAB. With its recent investment and purchase of secondaries, H&M has gone from being a minority shareholder to a majority owner, with an approximate 70 percent stake in Sellpy, according to a press release by the company.

Second-hand is one of the fastest growing business sectors within the fashion industry, enabling for a sustainable, modern and personal customer offer and experience. It is a business opportunity H&M wants to be part of exploring, as it helps customers give their old clothes a new life through reuse, thus contributing to a closed loop for fashion.

Sellpy was founded in 2014 and has since then grown into a successful re-commerce platform with great potential in expanding its current offer into a complete platform for second-hand fashion. Sellpy is now preparing for an international expansion, starting with Germany, which H&M is supporting by this new investment.

“We are excited to continue to work even closer with H&M to empower everyone to live circular, regardless if they live in Sweden or elsewhere. With the support of H&M we can continue to innovate and drive awareness and adoption of re-commerce”, Michael Annör, CEO of Sellpy said.

H&M has, through CO:LAB, invested approximately SEK 50 million in Sellpy since 2015. Recently, H&M also bought secondaries for SEK 92 million and made a follow-on investment of SEK 40 million. In addition, H&M will invest an additional SEK 60 million (in two different instalments) within a few years. When the full investment is carried through, H&M will have an approximate 74 per cent stake in Sellpy.

Sellpy is one of several long-term investments that CO:LAB has made within three different categories: innovative business models, sustainable fashion and enablers. These mutual collaborations allow H&M, together with leading entrepreneurs in the industry, to explore what the future of fashion could be.

Fibre2Fashion News Desk (GK)


Must ReadView All

Pic: Shutterstock

Textiles | On 28th May 2022

US economy, manufacturing expected to expand in 2022: ISM

The US economy will continue to expand for the rest of this year, the ...

Pic: 123rf.com

Apparel/Garments | On 28th May 2022

Sri Lanka’s garment exports up 11.6% at $1.36 bn in Jan-Mar 2022

Garment exports from Sri Lanka stood at $1360.6 million in...

Pic: The Nordic Swan Ecolabel

Textiles | On 28th May 2022

Nordic Swan Ecolabel launches new requirements for clothes, textiles

The Nordic Swan Ecolabel, the official ecolabel of the Nordic...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Klaus Bergmann,

Klaus Bergmann

German company Erbatech GmbH develops, designs and manufactures high end...

Ralph Tharpe,

Ralph Tharpe

The White Oak Legacy Foundation (WOLF) is dedicated to the history of...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Andre Walker, Label - Andre Walker

Andre Walker
Label - Andre Walker

Andre Walker is a New York-based renowned designer, creative director,...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Justicia Ruano, Brand - Mango

Justicia Ruano
Brand - Mango

Justicia Ruano is the Womenswear Design Director of globally renowned...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

TEXVALLEY MARKET LIMITED
Maceton Limited
Midas Clothing Limited
EUROVET ASIA LTD
Marzoli Machines Textile s.r.l.
C;&A Sourcing International Ltd
T.T. Limited
Lifestyle
ITMA Services Pte Ltd
Eurofins BLC Leather Technology Centre Ltd
Seasalt Limited
BIMBA ;& LOLA SL
Saurer Textile Solutions Pvt. Ltd.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Istanbul Fuarcilik A.S.
Guess Europe Sagl,
Alison Hayes Romania
Vianney Textil Hogar S.A. De C.V.
Groz-Beckert East Asia LLP
TESCO INTERNATIONAL SOURCING LIMITED
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Tommy Hilfiger
Esprit Europe Services GmbH
Gloria Jeans
Equinox Impex India
Flainox S.r.l.
COTTON COUNCIL INTERNATIONAL
Thermore (Far East) Ltd.
Lenzing Aktiengesellschaft - India
Chico’ FAS
LC Waikiki
EPCH
SHAHI Exports Pvt Ltd
The LYCRA Company Singapore  Pte. Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Tchibo GmbH
FESPA (Reigate)
Rayonese Textile Inc., Division de Culp Inc.
Sportmaster Ltd.
Pt. Peraga Nusantara Jaya Sakti
Zünd Systemtechnik AG
Gap International Sourcing Limited
Officina Meccanica Dora Enrico Srl
Hirdaramani International Export Private Limited
Woolmark Services India Pvt. Ltd.
Lenzing Aktiengesellschaft
KIABI
Loris Bellini S.r.l.
Shima Seiki Mfg. Ltd.
Truetzschler India Private Limited
MAS Active / MAS Kreeda / MAS Bodyline
Cat Tuong Real Estate Group Joint Stock Company
J ;& P Coats
CSGIA(China Screen Printing & Graphic Imaging Association)
EMBEE CORPORATION
TESTEX AG, Swiss Textile Testing Institute
Lisa S.P.A.
The Top Form Brassiere Manufacturing Company Limited
Nihalani Events Management
IDH – The Sustainable Trade Initiative
IKEA of Sweden AB
Lectra Technologies India Pvt Ltd.
IIGM Private Limited
Rieter India Private Limited
Italian Trade Commission
Messe Frankfurt Exhibition GmbH
Taiwan Textile Federation (TTF)
DuPont de Nemours, Inc.,
Meera Dyestuff Industries
H;&M Hennes ;& Mauritz (Far East) Ltd
OVS Hong Kong Sourcing Ltd.
BTC Textiles LLC
KAS Direct Sourcing
Aramark Uniform ;& Career Apparel, LLC
Thai Trade Center
Eastman Chemical Company
Target Corporation (MN)
UBM China (Shanghai)
FULGAR SpA
Stahl Holdings B.V.,
BIANCA
Messe Duesseldorf
Gokaldas Exports Limited
Shanghai  Aige Exhibition Service Co., Ltd
Centric Software
Varner AS Retail
JES MEDIA, INC
Gatsby Africa
Reiter India Private Limited
ZAITEX spa
Sainsbury's Argos Asia Limited
Alix Partners
K AND D ITMACH EXPOSITIONS LLP
Lacoste (Wanchai)
Mayer & Cie. GmbH & Co. KG
Helly Hansen Far East Ltd
G.A.S. unternehmenskommunikation gmbh
Sportswear Company Spa
Weitmann & Konrad GmbH & Co. KG
Page Industries Limited (Bangalore)
Splash
Colours India Inc
H. Stoll AG & Company KG
Walmart
Phong Phu international JSC (PPJ)
Palexpo SA
Brückner Trockentechnik GmbH & Co. KG
Boardriders Asia Sourcing Limited
Asos
Under Armour Global Sourcing Ltd
SYNERGIES HONG KONG LIMITED
Thai Acrylic Fibre Company Limited
Chori Company Limited
Lululemon Athletica Inc
NITI Aayog
N9 World Technologies Private Limited
PVH Corporation
Bluestem Global Sourcing Limited
Xtema - Thomas Lebherz Textilmaschinen
Green Fibre
IFF Media Ag - International Media Services
Karl Mayer Textilmaschinenfabrik GmbH
Jiangsu Yingyang Nonwoven Machinery Company Limited
Infor (Hong Kong) Limited
Itema Weaving (India) Private Limited
CGS Inc.
Groz-Beckert KG
Lottmann Communications
Sateri (Jiujiang) Fiber Co.,Ltd
VNU Exhibitions Asia
Copenhagen Fashion Summit
DyStar India Pvt. Ltd
Performance Days
TÜYAP IHTISAS FUARLARI A.S.
Haelixa AG
Recron Polyester from Reliance Industries Limited
NV Michel Van de Wiele
Nandan Denim Limited
The LYCRA Company Singapore  Pte. Ltd
GERBER TECHNOLOGY LTD.
BRINKMANN GMBH
Datacolor AG Europe
Etam Group Strategy Hong Kong Limited
Color Service s.r.l.
Coats Digital Limited
Zydex Industries
John Varvatos
Brandix Lanka Limited
Savio Macchine Tessili S.P.A.
Mesdan SPA
Tradewind International Servicing
X-Rite Asia Pacific Limited (HK)
Arvind Limited
Tory Burch Hong Kong Ltd
Vardhman Textile Ltd
GIOVANNI BOZZETTO S.p.A.
Benetton Group
Comasia Limited
APLF Limited
Kern – Liebers Textile
International Sourcing Expo Australia
Calvin Klein
Grasim Industries Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Landmark Group
Applied DNA Sciences Inc
Kornit Digital Asia Pacific Ltd
Inter Expo Center Ltd.
Huntsman (Singapore) Pte Ltd
Hela Clothing Pvt Ltd
Amazon China
Babyshop
Abit
Aleph Srl
G-Star Raw C.V.
Indofil Industries Limited - Specialty & Performance Chemicals Division
Newtech Textile Technology Development (Shanghai) Company Limited
Tuyap Tum Fuarcilik Yapim A.S.
BTSR International S.P.A.
USTER
GHCL LIMITED
Indo Tex
THE BOMBAY DYEING ;& MFG.CO. LTD
China World International Exhibition Company Limited
Rosset ;& Cia Limited
Aquarelle Clothing Limited
Bluesign Technologies Ag
Dow Silicones Corporation
Desigual - ABASIC, S.A.
Permoda(Koaj/Armi/Pronto/Bkul)
Datatex Consulting Srl
Decathlon
Recron Polyester from Reliance Industries Limited
International Textile Manufacturers Federation
Restoque S.A.
Puma
Jindal Worldwide Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES

May 2022

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


Advanced Search