By Chloe Mills11 December 2024
Fashion giant Zalando is set to snap up German online fashion rival About You in a €1.1bn (£906m) deal in an attempt to “better serve the needs of customers”.
Zalando announced today that it has entered into a “definitive business combination agreement” with the platform and intends to submit a voluntary public tender offer to acquire 100% of its share capital.
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Fashion giant Zalando is set to snap up German online fashion rival About You in a €1.1bn (£906m) deal in an attempt to “better serve the needs of customers”.
https://www.retail-week.com/fashion/zalando-is-set-to-snap-up-online-fashion-rival-about-you/7047735.article