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Veldhoven Group pulls the plug on Dept and Turnover

Veldhoven Group, parent company of fashion brands Sandwich, Turnover and Dept, has announced a major overhaul of its strategy which sees the company focusing on its core brand, Sandwich. All production and sales of the brands Turnover and Dept will be halted this year, and Olsen has been sold off to German private equity firm Nord Holding....

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Fashion

Veldhovengroup: Dept joins, Stills goes independent

"We let them go so that they can grow," says Martijn Veldhoven, CEO of parent company the Veldhovengroup. In the course of next year, women's fashion label Stills will separate from the Veldhovengroup and a new owner will be sought for children's fashion brand NoNo. Dept is being added to the roster of brands - which also consists of Sandwich...

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