fashionette AG (ISIN DE000A2QEFA1) has decided to relocate the Company headquarters in Düsseldorf as part of its cost and efficiency program. As of 10 August 2023, the Company will move into a historic building addressed "Am Falder 4, 40589 Düsseldorf" and will offer employees a new workplace. Likewise, as part of the cost and efficiency program, the Berlin location was relocated, a new space was rented in Berlin-Mitte from 01 September 2023, and the previous location was given up in a shared office.

As part of the cost and efficiency program, fashionette AG has already closed the Smart Watches and Beauty business units and made internal cost cuts in the areas of marketing, material costs, and investments. The cost savings will be directly effective in 2023 and 2024.