- Start
- Dec 11, 202490% CONFIDENCEfrom the source
Zalando Agrees to Acquire About You for About €1.1 Billion
- Zalando announced on 11 December 2024 that it had agreed key terms to acquire About You for €6.50 a share, a 12% premium to the median analyst target and 107% above the three-month volume-weighted average price[1]
- Shareholders representing about 73% of About You's capital - including the Otto Group, the Otto family and About You's own management - committed in advance to accept the offer[1]
- Zalando co-CEO Robert Gentz said the deal meant "together we'll be able to cover a larger share of the fashion and lifestyle market"; About You co-founder and co-CEO Tarek Müller said it created "something truly unique, with two distinct and independent B2C businesses"[1]
- About You's three founders were set to continue in their management roles after the deal[2]
References 282% CONFIDENCEOverall confidence: 82%How well the pin's source and references back up its dates.Weighted average of how firmly 2 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
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- [1]90%corporate.zalando.com/en/investor-relations/zalando-and-about-you-team-lead-way-european-fashion-and-lifestyle-e-commercecorporate.zalando.com· Posted Sep 25, 2026· Starts Dec 11, 2024 ✓· 50% of score
Zalando's own investor-relations announcement is dated 11 December 2024, when the companies said they had "agreed on the key terms of a public takeover offer"; no time of day is given.
- [2]74%About You (company)en.wikipedia.org· Added Sep 25, 2026· 50% of score
Confirms the December 11, 2024 announcement of Zalando's[1] intention to acquire 100% of About You, ahead of the January 2025 formal offer and July 2025 completion.
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