About You news and archive

TikTok shop launches in Italy, France, and Germany – About You tests sales channel

TikTok is bringing its shopping feature to France, Italy, and Germany. Coinciding with the launch, About You is debuting its own digital storefront on the short-video platform. The Hamburg-based company is the first major online fashion retailer in Germany to offer its product range via the short-form video platform, About You announced on...

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Zalando secures more than 90 percent of About You, squeeze-out planned

Online retailer Zalando is close to completing the takeover of its competitor About You. The Berlin-based company has secured more than 90 percent of About You's share capital, as it announced on Friday. Shares held by About You itself are not included in this figure. As soon as the purchase of the shares has been completed following approval by...

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Zalando launches 6.50 euros per share tender offer for About You

Zalando SE (ZLNDY), an online retailer of fashion and lifestyle products, announced the launch of a 6.50 euros per share public tender offer for About You, following the approval of the German Federal Financial Supervisory Authority (BaFin). The Acceptance period starts today and is expected to end on 17 February 2025. The Takeover Offer is not...

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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...

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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...

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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...

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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...

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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...

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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...

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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...