It is a great pleasure for us to announce that we have successfully concluded our investment in NOLD - a company that is bridging a few problems into a win-win opportunity, namely the constant fashion diversity seeking behaviour of consumers leading to overproduction with the constant strive towards more sustainable shopping and better deals. All of this they do in a completely new and unique way with their dedicated curated peer-to-peer marketplace.
For the short period of their existence the four ladies have managed to grow a brand and evolve a unique and competitive business model at the same time. We were thrilled by the bursts of positive energy and creativity that they have as well as their ability to execute. These make a great match to our portfolio's long term vision.
Now and together we start our conquest of the challenging confectionery segment. Bon voyage!