Daily Newsletter

08 July 2024

Daily Newsletter

08 July 2024

Supply chain firm Bleckmann eyes Spain with B2Tex acquisition

Fashion supply chain management (SCM) services firm Bleckmann has acquired textile logistics firm B2Tex which has its main operations in Spain in a bid to grow across Southern Europe.

Laura Husband July 08 2024

Bleckmann has acquired a majority stake in the B2Tex group, which operates under its subsidiaries, Thinktextil and Handtex.

It has eight logistics centres and multiple client premises mainly in Spain with Bleckmann's CEO Kurt Pierloot pointing out that it hopes to expand its operations to Southern Europe and present itself to important fashion and lifestyle brands in the region.

He said: "The B2Tex group is reported to have a revenue of approximately €62m in 2023. This acquisition marks a significant step in Bleckmann's strategic expansion into southern Europe, enhancing its service offerings and client base."

He added: "Through various conversations with the two major shareholders and management of B2Tex, we realised that our companies can significantly reinforce each other.

"We look forward to working with the shareholders and extended team of B2Tex to further develop joint opportunities."

B2Tex CEO David Sanz stated: "We are delighted to be working with Bleckmann. Becoming part of a like-minded organization will allow us to further scale our business and access the expertise of Bleckmann. Together with our team, we are looking forward to continuing to build our operations and offer a wider range of possibilities to our great client base in Spain and abroad."

Pierloot was also keen to share that its cooperation with the two major shareholders of B2Tex, Alvaro Bordils and David Lasheras, has been instrumental in the partnership: "Their support and vision align perfectly with our goals, and we are confident in the mutual benefits this acquisition will bring."

In October last year, UK footwear brand FitFlop set its sights on expanding its presence across Europe by partnering with Bleckmann.

FitFlop global logistics director Sal Billington commented at the time: "Bleckmann’s warehouses operate seven days a week until midnight, so we can now offer UK mainland customers next-day delivery for orders placed on our website before 9pm. This promises to be a huge competitive advantage."

Luxury Apparel Market Overview

Per GlobalData, the luxury apparel market was valued at $201.6 billion in 2023 and will grow at a CAGR of >5% during 2023-2028. While macroeconomic difficulties in Western Europe and North America will impact luxury demand in the short term, countries in APAC and Eastern Europe will continue to emerge as burgeoning economies. Per our analysis, Hermes emerged as the uncontestable winner within the luxury apparel market, growing its share at an exponential rate in 2023.

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