FULL DEATIL ABOUT H&M FASHION BRAND
H&M Second hand store launched in 20 more countries
STOCKHOLM (Reuters) - Swedish online second-hand shop Sellpi, owned by fashion giant H&M, said on Monday it was opening in 20 more European countries, a condition in which demand for sustainable fashion will continue to grow.
The start-up handles the entire sales process from taking the goods from the sellers' homes to photographing, selling and shipping. After its first launch in Sweden in 2014, the expansion will take its market count to 24.
Selpi said in a statement that fashion was one of the fastest growing market segments within the industry.
Gustav Weisman, Head of Expansion, said, "Every garment purchased from prior ownership saves resources for our planet. Demand in our new markets is growing rapidly."
As consumers become increasingly aware of the origins and durability of their clothing, the fashion industry is coming under scrutiny for promoting an extravagant culture.
H&M Group, which is on outlook for additional revenue streams after some tough years with slow sales at several H&M stores, bought its first stake in Selpi in 2015.
Weisman told Reuters that H&M has invested more than 20 million euros ($ 24.38 million) in CellP and owns about 70% of the company.
To stay updated (Reuters) - It's better to be updated online than to change the state of fashion.
Ho ho ho ho. After the update in 2014, for the mission until 24am.
Selpy did a fast-moving event in a rapidly changing fashion event.
Gustave Weiss Mene, head of the cut, "To make our customers better than the east.
As the person behaving gets ready to behave, then he is ready to be active.
And the ultimate group, which changes sometime with the added value of higher sales at H&M stores, has updated in 2015.
Weise mars Reuters that H&M has operated more than 20 euros (24.38 mi) in Sellpy and owns 70% of the company.
SellPi is said to have launched support with H&M which is all in one.
Earlier this month, Lithuania-based Winted raised 250 million euros ($ 305 million) to expand in Europe and beyond, and said the fundraising puts a pre-funding valuation at a turnover of 3.5 billion euros.
Selpi said that Thursday was beautiful. .
($1 = 0.8201 Euro)
($1 = 0.8205 Euro)
(Anna Ringettum Vartan; Mark Potter, edit cursionnotes)
H&M OWNER
Stefan Persson (28%)
Full Detail
Hennes & Mauritz AB is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers, and children. As of November 2019, H&M operates in 74 countries with over 5,000 stores under the various company brands, with 126,000 full-time equivalent position.
H&M INDIA
H&M - Buy H&M Clothing and Shoes for Men & Women Online in India.
H&M UK
H&M HENNES & MAURITZ UK LIMITED is a retail company based out of 1ST FLOOR, 25 ARGYLL STREET, LONDON, United Kingdom
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