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Zalando Tech Team Plans for Boom as Banks Said to Pitch IPO

Zalando GmbH, the German online clothing retailer that’s said to have been contacted by banks about the possibility of an initial public offering, plans to relocate its technology staff for a second time in a year to provide scope for a 10-fold increase in sales volume.

Workers at premises near Berlin’s Treptower Park will move before the end of the year to an office more than twice the size near the city’s Alexanderplatz, Chief Product Officer Christoph Lange said in an interview. Zalando plans to add about 150 programmers to the current 350 through the end of 2014, he said.