Zalando - Rising Consumer Spending Brings Significant Increases in Revenue and Results for Online Retailer!
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Business Driver: Zalando is one of the leading online retailers in Europe, with over 50 million active customers in 25 countries. With the recently announced acquisition of online fashion retailer About You for around €1.2 billion, Zalando aims to further strengthen its market position in its core business. The company expects not only significant synergies amounting to approximately €100 million per year from the acquisition. Thanks to the takeover, Zalando seeks to accelerate its growth in the coming years and anticipates significantly higher...
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