Bestseller invests in German recycling company Matterr

Danish clothing group Bestseller unveiled a new strategic partnership with German recycling start-up Matterr on Wednesday. The group, which owns brands such as Vero Moda, Only and Jack & Jones, invested in the company through its investment arm, Invest FWD. Matterr specialises in chemical polyester waste recycling processes. It had previously secured 30 million euros in funding from the EU Structural Funds, the ERDF and the JTF.