Zalando Wins Kinnevik as Long Term Strategic Shareholder


    --  Zalando shareholder Investment AB Kinnevik acquires another 10%
        of equity
    --  Kinnevik now is the largest shareholder of Zalando, holding 26%
        directly plus another 9% indirectly through Rocket Internet
    --  Net-sales of 471 million euros in first six months of 2011

BERLIN, Oct. 18, 2012 /CNW/ - Zalando shareholder Investment AB Kinnevik has 
acquired another 10% of equity of the European online retailer Zalando. With 
this step, Kinnevik is the largest shareholder of Zalando, holding 26% 
directly plus another 9% indirectly through Rocket Internet. The basis for 
this step was the continued positive development of Zalando: in the first six 
months of 2012, the company reported net-sales of 471 million euros and is on 
track to double its 2011 revenue of 510 million euros this year.

Zalando welcomes this step of its long-time shareholder Kinnevik, which has 
acquired an additional stake of 10% from Holtzbrinck Ventures, Tengelmann and 
Rocket Internet. The three early-stage investors sold a small portion of their 
stakes but together still hold more than 56% of Zalando.

Rubin Ritter, Managing Director of Zalando, comments: "We are excited to see 
Kinnevik increasing its ownership in Zalando and we look forward to executing 
our plans with Kinnevik as a large and active shareholder. Zalando has had a 
very fast development since the start in 2008 and given the strong growth in 
the first half of the year, we are on track to double last year's sales, 
making us the largest shoe and fashion e-commerce company in Europe."

Mia Brunell Livfors, CEO of Kinnevik, comments: "Kinnevik first invested into 
Zalando in 2009 and we have followed the rapid success of the company since 
then. We are very pleased to be able to increase our ownership in the company 
and we look forward to being an active partner to the company and continue to 
support its development into a leading European e-commerce company."

Throughout its partnership with Zalando, Kinnevik has continued to increase 
its stake in the company. Rubin Ritter adds: "This is another example of trust 
by our shareholders in our work and business-model. Zalando has proven that we 
can grow strongly in all categories and markets while setting up the 
infrastructure of a sustainable company, such as our investments in new 
fulfillment centers in Erfurt and Mönchengladbach."

Zalando was founded in 2008 and today operates in 14 European markets, forming 
the largest online fashion player in Europe. In the past year, Zalando has 
raised capital from DST, JP Morgan and Kinnevik among other investors and the 
company is well capitalized to fund its future expansion. In addition, 
Zalando obtained EUR 40.7 million in debt financing from Commerzbank and other 
German banks this summer. Zalando is opening up its first self-designed 
fulfillment center in Erfurt, Germany and just started building the second 
fulfillment center in Mönchengladbach, Germany, which will open up in fall 
2013.

For further inquiries, please contact us on +49(0)30209681038.

About Zalando

Zalando is Europe's leading online retailer for shoes and fashion. Its 
extensive selection for women, men and children ranges from popular high 
street brands to much sought-after designer labels from over 1000 different 
international brands. Exclusive accessories, beauty essentials and sportswear 
make up Zalando's wide range of products. A combination of unique services: 
free delivery and returns, a free service hotline and a 30 day returns policy 
make online shopping at Zalando an easy and secure shopping experience. With 
its own fashion blog, Facebook and Twitter accounts, Zalando provides 
customers with current fashion trends, product updates and news about the 
company. The company was founded in 2008 by Robert Gentz and David Schneider, 
and its headquarters are located in Berlin. Following on from its success in 
the German market, Zalando launched in Austria in 2009 and the Netherlands and 
France in 2010. Expansion to Italy, Great Britain and Switzerland followed in 
2011. So far in 2012, Zalando has gone live in Sweden, Belgium, Spain, 
Denmark, Finland, Poland and Norway.

Contact: Boris Radke Corporate Communications Tel: +49(0)30-209681038 Fax: 
+49(0)30-27-59-46-93 E-Mail:boris.radke@zalando.de  Zalando.de is brought to 
you by Zalando GmbH Sonnenburger Straße 73 10437 Berlin Germany

Zalando GmbH Registered at Amtsgericht Charlottenburg Berlin, HRB112394B 
VAT-ID: DE 260543043 Tax Number: 37/125/21423 Managing Directors: Robert 
Gentz, David Schneider, Rubin Ritter

SOURCE: Zalando GmbH

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CO: Zalando GmbH
NI: RET MNA 

-0- Oct/18/2012 07:25 GMT