C&A Modas SA, the Brazilian unit of Dutch fast-fashion retailer C&A, and its shareholders expect to raise 1.8 billion reais ($445.5 million) in its IPO, including supplementary and additional share allotments.
C&A Modas SA, the Brazilian unit of Dutch fast-fashion retailer C&A, and its shareholders aim to raise up to 2.2 billion reais ($542 million) in an initial public offering, according to a securities filing on Monday.
Tjeerd van der Zee, chief financial and operating officer at C&A Europe, and a member of the C&A European Executive Boards (EEB), is leaving the clothing retailer. Ralf Senden has been appointed to succeed him.
One of Bestseller’s key labels, Vero Moda, is the latest big name to embrace more sustainable denim and said it has joined other leading fashion brands and manufacturers as a participant in the Jeans Redesign project.
There may be a certain amount of scepticism around big company commitment to sustainability, but the Better Cotton Initiative (BCI) said its members sourced more than 1m metric tonnes of Better Cotton in 2018.