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Finnish leader in sustainable fashion and data-driven e-commerce, IVALO.COM, has acquired its competitor, Alfa Vega, for an undisclosed sum.
Alfa Vega, based in London, operates as a sustainable fashion online retailer across Europe. Its selection includes 50 clothing and accessory brands, catering to a diverse range of target audiences.
Finnish leader in sustainable fashion and data-driven e-commerce, IVALO.COM, has acquired its competitor, Alfa Vega, for an undisclosed sum.
Alfa Vega, based in London, operates as a sustainable fashion online retailer across Europe. Its selection includes 50 clothing and accessory brands, catering to a diverse range of target audiences.
In the spring of 2024, IVALO.COM also acquired the German marketplace Stayi, which held a strong position in sustainable fashion e-commerce in Central Europe.The acquisitions are closely tied to IVALO.COM's expansion strategy, not only as a retailer and intermediary of sustainable fashion for consumers but also as a provider of sustainability data.
“We are currently conducting sustainability validations and consulting for a wide range of fashion brands and retail companies that want to develop their sustainability efforts effectively,” says Matti Lamminsalo, CEO of IVALO.COM.
IVALO.COM has experienced rapid growth in recent years, conducting hundreds of comprehensive sustainability validations for its partner companies.
The 360 Validation is carried out by experts to assess the current state of sustainability, providing the necessary keys for improvement and commercialization.
“Commercial sustainability is an important new competitive edge for companies to communicate their efforts,” Lamminsalo concludes.
The fashion brands operating on the Alfa Vega platform will be validated and integrated into the IVALO.COM marketplace offering. IVALO.COM supports these brands in their sustainability efforts.
The acquisition is part of IVALO.COM’s strategy to become the world’s leading online retailer and data company for sustainable fashion.
IVALO.COM is also currently negotiating additional acquisitions.
IVALO.COM
Matti Lamminsalo
CEO
Tel. +358 40 500 2607
Email: matti@ivalo.com
IVALO.COM is a Finnish international fashion marketplace offering over 150 sustainable fashion brands in one place. The IVALO.COM selection is continually curated to meet the needs of the modern wardrobe.
All brands on IVALO.COM undergo the IVALO.COM 360 Sustainability Validation process.
