Zalando will acquire ABOUT YOU in a strategic merger to enhance B2C and B2B offerings, covering more of Europe’s fashion market.
ABOUT YOU’s founders and key shareholders back the deal.
The partnership targets €100 million (~$105 million) annual EBIT synergies and plans to close by summer 2025, pending regulatory approval.
Zalando offers €6.50/share, a 107 per cent premium on the 3-month average price.