Zalando Shareholder Kinnevik Increases Share by 3.5 Percent

BERLIN, JUNE 28, 2013. Zalando shareholder Investment AB Kinnevik has exercised the option to acquire additional 3.5 percent of shares in Zalando. Thus, Kinnevik directly holds 29 percent of the European online retailer plus another 9 percent indirectly through Rocket Internet.

This option was part of the share acquisition announced in October 2012, when Kinnevik increased its stake in Zalando by 10 percent. The Swedish investor acquires the additional 3.5 percent on the same terms.

This transaction is further proof of Kinnevik’s long-term commitment to Zalando and a result of Zalando’s successful development. In 2012, Zalando generated net sales of 1.15 billion EUR and reached break-even (EBIT) in its core region Germany, Austria and Switzerland ('DACH'). 

ABOUT ZALANDO

Zalando is Europe’s leading online retailer for shoes and fashion. Working with over 1,500 international brands, Zalando offers an extensive selection of products for women, men and children, ranging from popular high street brands to much sought-after designer labels. Exclusive accessories and sportswear add to Zalando’s wide range of products. A combination of unique services – free delivery and returns, a free service helpline and an extended day returns policy – make online shopping at Zalando a convenient and secure online experience. The company was founded by Robert Gentz and David Schneider in 2008 and its headquarters are located in Berlin. Following its success in Germany, Zalando launched in Austria in 2009 and the Netherlands and France followed in 2010. In 2011 Zalando ex-panded into Italy, the UK and Switzerland. Since 2012 Zalando has also been available in Sweden, Belgium, Spain, Denmark, Finland, Poland, and Norway. Deliveries were extended to Luxembourg in 2013.