Zalando Introduces Anders Holch Povlsen as a New Shareholder
BERLIN, August 13, 2013
BERLIN, August 13, 2013 /PRNewswire/ --
Anders Holch Povlsen, the well-known fashion entrepreneur and owner of
BESTSELLER, joins the Zalando shareholder group, acquiring 10 percent of the
shares in Zalando. BESTSELLER is one of Europe's leading fashion companies,
with fashion brands such as JACK & JONES, VERO MODA, ONLY and SELECTED.
The parties agreed that Holch Povlsen will acquire shares from several
early-stage shareholders, such as European Founders Found (EFF), Holtzbrinck
and Tengelmann. All of the selling shareholders remain invested in Zalando.
"BESTSELLER and Zalando have been working together very successfully for
several years. Anders Holch Povlsen has been following Zalando's development
very closely and he knows our strengths," explains David Schneider, co-founder
and managing director of Zalando. "To partner up with such an experienced
fashion entrepreneur is amazing for us."
"This is an important step in the strategic development of our shareholder
structure. Anders Holch Povlsen will be a strong and long-term-oriented
shareholder and together we want to design the future of fashion e-commerce,"
expresses Rubin Ritter, managing director of Zalando.
Zalando was founded in 2008 and has shown strong growth ever since. In 2012,
Zalando reached more than 1.15 billion EUR in revenue and break-even in its
core region DACH (Germany, Austria and Switzerland). For Q1 2013, net revenues
were 372 million EUR, a 74% increase compared to last year, while becoming one
of the world's most visited fashion websites with already 15 million
After this step, the shares of Zalando will be held as follows:
Investment AB Kinnevik: 37%
European Founders Fund: 18%
Anders Holch Povlsen: 10%
DST Global: 9%
Holtzbrinck Ventures: 8%
Tengelmann Ventures: 6%
Please also note the press release regarding Zalando's sharholder structure,
The transaction is still subject to approval by the German Federal Cartel
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 1,500 different
international brands. Exclusive accessories, beauty essentials and sportswear
make up Zalando's wide range of products. A combina-tion 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 entered Austria in 2009 as first international
market. The Netherlands and France followed in 2010. Italy, Great Britain and
Switzerland opened its shops in 2011. In 2012 alone, Zalando has gone live in
Sweden, Belgium, Spain, Denmark, Finland, Poland and Norway.
Zalando.de is brought to you by Zalando GmbH
Sonnenburger Straße 73, 10437 Berlin, Germany
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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