About You news and archive

About You sales marginally increase ahead of Zalando takeover

Hamburg-based fashion retailer About You barely made any gains ahead of its takeover by Zalando. In the third financial quarter to the end of November, the company generated sales of almost 559 million euros, 1.3 percent more than a year earlier, as it announced on Thursday. Management explained this with the late timing of Black Weekend, which...

BusinessMember

Asos, Boozt and Selfridges join YNAP and Zalando’s Fashion Leap for Climate

Yoox Net-A-Porter (YNAP) has announced a number of new members joining its Fashion Leap for Climate, an educational initiative launched in 2022 alongside About You and Zalando designed as a response to the fashion industry’s climate challenge. British e-tailer Asos, Swedish footwear retailer Boozt and the Selfridges Group, the parent company to...

BusinessFeaturedMember

Inside the deal: Zalando and About You founders break down the takeover

Two of the biggest online fashion retailers in Europe are joining forces. Berlin-based Zalando acquires German competitor About You for 1,1 billion euros. The surprising deal raises questions about synergies as the two companies seek to continue operating as independent brands. Here is what the CEO founders of both companies explained in calls...

BusinessFeaturedMember

Zalando intends to take over About You

Zalando intends to make an offer for e-tailer About You. Both Zalando SE and About You's parent company, the Otto Group, have confirmed the planned acquisition. Zalando aims to acquire 100 percent of About You's shares for 6.50 euro per share. Summary • Zalando plans to acquire 100 percent of About You's shares for €6.50 per share. • Key About...

Retail

German retailer About You opens Fabletics brand store

At the beginning of the month, the Hamburg-based online fashion retailer About You opened its own brand store for the US sportswear label Fabletics on its platform. The launch will be accompanied by "an extensive marketing campaign that includes large-scale placements in the About You shop as well as influencer collaborations, photo productions...

Fashion

About You and Netflix launch new fashion label: Netflix Collection

About You and Netflix are joining forces to launch a new fashion brand: Netflix Collection. The new fashion brand, as the name suggests, draws inspiration from various Netflix films and series, as announced in a press release. The first collection will launch at the end of this month. On October 28, two items will be launched that 'set the tone...

ReportMember

About You raises adjusted EBITDA outlook but narrows revenue expectations

In the first half period, About You Holding increased adjusted EBITDA to 12.8 million euros. In the second quarter, adjusted EBITDA rose by over 10 million euros to negative 2.3 million dollars. Revenue during the second quarter increased by 2.4 percent to 450.1 million euros. The company has narrowed its full-year revenue guidance but raised...

BusinessFeaturedMember

From About You to Patagonia: How the fashion industry is mobilising for the European elections

From today, 6 June to 9 June, the European elections will once again take place, in which citizens of the EU countries elect the members of the European Parliament. They represent the interests of EU citizens at European level and have the task of shaping and adopting new laws in all areas of life in the European Union (EU). As such, retail...

ManagementFeaturedMember

About You posts marginal revenue growth, narrows outlook

The About You Group slightly increased revenue by 2.1 percent to 439.6 million euros in the second quarter. The company said in a statement that based on more efficient cost structures in logistics and marketing, the group made progress towards breaking even at the level of adjusted EBITDA. In view of the results achieved as well as the...

BusinessMember

About You, YNAP and Zalando expand educational climate initiative

Now in their second year of collaboration, Yoox Net-a-Porter (YNAP) and Zalando, together with German fashion retailer About You, are set to expand on their ongoing ‘Fashion Leap for Climate’ initiative with a refresh of their educational platform. The three online retailers will be growing their co-created platform by inviting 250 brand...

ReportMember

About You achieves profitability target in Q1

About You Holding SE announced a positive first quarter adjusted EBITDA, reaching break-even earlier than expected. For FY 2023/2024, the company has confirmed its full-year guidance. The group achieved an adjusted EBITDA of 4.2 million euros with a margin of 0.8 percent. Group revenue grew by 0.6 percent to 507.1 million euros. "In Q1...

ReportMember

About You's full year revenues increase 10 percent

About You’s full year revenue grew by 10 percent to 1,904.6 million euros with growth across all segments. Despite an overall decline in online fashion sales in Germany, the company’s commerce business recorded profitable revenue growth in the DACH segment of 9.1 percent and 17.3 percent in the rest of Europe (RoE) segment. The company said,...