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TNT sells Dutch clothing firm

TNT

TNT has sold its Dutch clothing company, ID Company Fashion B.V. (IDCF), to WE InternationalB.V. (WE) for an undisclosed sum.


TNT said it decided to divest IDCF, one of the leading suppliers of corporate wear in theNetherlands, as the company’s activities are non-core to TNT. 

IDCF is increasingly internationally oriented and currently services around 20 corporate clientsin the Netherlands and abroad. TNT will continue its existing relationship with IDCF as its maincorporate wear supplier. The combination of IDCF and the corporate wear activities of WE willprovide a solid basis for future growth and profitability.

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