The Danish Bestseller Group, which owns Jack & Jones and other fashion brands, has made a new investment in internet retailing by taking over M & M Direct for £140 million (€174.8m-$237.2m). M&M is a major U.K.-based retailer of discounted fashion, footwear and sports products that is projecting sales of £120 million (€149.8m-$203.3). for 2014. It has been the property of a U.K. equity investor, TA Associates, since 2007. Founded in 1987, it has six country-specific websites. Besteller already has a 25 percent stake in a Danish online retailer, Smart Guy. The owner of Bestseller, Anders Holch, is also a major shareholder in Asos and Zalando.

Topics