Today H&M Group announces a new follow-on investment in Sellpy, a re-commerce platform, to support Sellpy’s international expansion. The investment also supports H&M Group’s strategic work to become fully circular.
H&M Group started investing in Sellpy in 2015, and has since then participated in all investment rounds through its investment arm CO:LAB. With its recent investment and purchase of secondaries, H&M Group has gone from being a minority shareholder to a majority owner, with an approximate 70 percent stake in Sellpy.
“We keep investing in Sellpy because we strongly believe in