View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 17, 2022

Bestseller to invest EUR265m in European logistics centre

Danish fashion retailer Bestseller has inked a deal to build a high-tech logistics centre in Lelystad, the Netherlands, with the capacity for more than 5m pieces picked per week.

By Fi Forrest

Bestseller is investing DKK2bn (EUR265m) to build the logistics centre, the largest single investment in its history. The centre will employ 500 people and will be critical for expanding the company’s supply chain and supporting its growth, the brand says, bringing Bestseller closer to the biggest wholesale customers and largest retail markets in Europe. 

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

“This high-tech logistics centre is the biggest single investment in Bestseller’s history. It will be a significant milestone for our future ambitions and growth,” says Allan Kyhe Kjærgaard, logistics director at Bestseller. “Logistics is an increasingly important focus area for Bestseller and the whole retail industry. Increasing capacity and creating a flexible supply chain is crucial to getting our products to customers on time. That’s why we are investing ambitiously and building this high-tech, sustainable distribution centre.” 

The facility will be located in Lelystad, 60 km from Amsterdam with port, road and rail access. The municipality is ideally placed to be a high-tech, sustainable logistic hub to supply the European markets, Bestseller notes.

“Lelystad in the Netherlands is the perfect location for the centre. Bringing us closer to our most important customers and largest retail markets. As the centre will be critical to support our growth, we want to begin construction as soon as possible,” Kjærgaar adds.

The investment in the centre is expected to create 500 full-time jobs when fully operational. A large percentage of the employees will be highly specialised engineers, electricians and experts in logistics and supply chain operations.

The centre will not only be high tech, focusing on automation, but also sustainable, Bestseller says, with the ambition for the centre to be CO2 neutral.

The site will be more than 100,000sqm and have a storage capacity of up to 2,000,000 cartons and 5,300,000 pieces picked per week. Bestseller expects to be fully operational in 2026. 

Bestseller recently launched the first clothing range to brand with OnceMore by Södra under its Jack & Jones label. 

Related Companies

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Style