TNT sells ID Company Fashion to WE International

TNT N.V. and WE International B.V. (WE) today announced that they have completed the sale of ID Company Fashion B.V. (IDCF). Parties agreed not to disclose financial details.

TNT decided to divest IDCF as the company’s activities are non-core to TNT.
IDCF is one of the leading suppliers of corporate wear in the Netherlands. The company is increasingly internationally oriented and currently services around 20 corporate clients in the Netherlands and abroad. TNT will continue its existing relationship with IDCF as its main corporate wear supplier. The combination of IDCF and the corporate wear activities of WE will provide a solid basis for future growth and profitability.