BestSecret considers IPO

German online fashion platform BestSecret is planning an initial public offering in the summer of 2022. The company could be valued at more than three billion euros. BestSecret wants to use the raised funds to expand internationally.

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Zalando launches Care & Repair program

Online fashion giant Zalando has launched a Care & Repair program, starting with pilots in Germany as of this month. There are plans to launch the program in other European markets as well. Sweden and Poland are possible prospects, since customers from these countries wear repaired clothes most often, Zalando's new survey finds.

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Galaxus launches in Austria

Galaxus, a major online department store from Switzerland, launches in Austria today. With a range of half a million products, it will start out as a wide-range store immediately. It wants to be one of the top 5 online retailers in Austria. The company is now active in Switzerland, Germany and Austria.

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