Zalando may acquire About You – EU Commission decision

Brussels. The German online retailer Zalando has been granted the right to acquire its domestic competitor About You. The European Commission, which is responsible for competition, has concluded that the notified transaction does not raise any competition concerns. Consumers and brands will continue to have numerous alternatives available to them.

At the end of 2024, it was announced that the DAX-listed company was offering €6.50 per About You share. This valued About You at around €1.2 billion. Zalando co-CEO Robert Gentz ​​intends to use this move to "cover a larger share of the European online fashion and lifestyle market."

The combined company is expected to increase revenue and gross merchandise volume by an average of five to ten percent per year by 2028. This brings it closer to the double-digit growth for which Zalando was once known. However, growth rates from previous peaks, such as the coronavirus pandemic, remain far from the same.

RND/dpa