Germany’s Zalando plans to buy rival About You for nearly $1.3bn
The companies signed a definitive agreement, under which, Zalando will launch a voluntary public tender offer to acquire up to…
Zalando
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Zalando Q3 sales up on premium, lifestyle fashion
Zalando's Q3 group revenue climbed to €2.4bn from €2.27bn in the same period last year and its adjusted group EBIT…
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‘Zalando partner’ launched to streamline platform experience
The 'Zalando partner' initiative highlights the retailer's commitment to building a leading European fashion and lifestyle ecosystem in e-commerce and…
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Zalando Q2 sales, profit soar on improved assortment
Zalando’s revenue for Q2 rose 3.4% to €2.6bn ($2.84bn), benefitting from an improved product selection in sportswear and beauty. Profits…
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Schröder to take reins as Zalando co-CEO, Schneider steps aside
Schneider will hand over the CEO role to current COO David Schröder, who will oversee Zalando’s plans to expand its…
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Zalando eyes return to growth despite Q1 sales drop
Zalando reported its revenue dropped 0.6% to €2.24bn in the three months to 31 March 2024 (Q1) from €2.26bn. Its…
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Week in data: Zalando, Temu seize online while Spinnova profit falls
This week’s top apparel-related datasets ranged from Zalando's plan to grab more of the European online apparel market, Temu's pledge to…
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Zalando eyes 15% of EU fashion market amid FY23 revenue drop
Zalando has reported its revenue dropped to €10.14bn ($11.09bn) in the year ending 31 December 2023 (FY23) from €10.34bn the…
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Inditex, Youngone back Infinited Fiber Company’s second financing round
The first part of the development financing round, which closed in summer 2023, included investments from existing investors. Apparel companies…
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Navigating Europe’s fast fashion green claims under new EU laws
The EU Council of Ministers approved on 20 February a new EU ‘empowering consumers for the green transition directive’, which…
