Key Points of the Proposed Acquisition
Zalando’s proposed takeover bid for About You is valued at approximately €1,100 million, with a price of €6.50 per share, representing a 66.6% premium on About You’s previous closing price.
Transaction Details
The transaction is expected to close in summer 2025, subject to regulatory approvals. About You’s major shareholders have signed binding agreements to sell their shares, which represent around 73% of About You’s share capital, to Zalando.
Strategic Rationale
Zalando believes that About You’s operations will add scale and complementary capabilities, fitting into the company’s strategy to build a pan-European fashion and lifestyle e-commerce ecosystem. The transaction is expected to create attractive value creation opportunities and synergies in the group’s EBIT.
Financial Outlook
Zalando has confirmed its medium-term outlook for the combined group, expecting to increase GMV and revenue at a five-year compound annual growth rate of between 5% and 10% until 2028. The combined company expects an adjusted EBIT margin in 2028 in the range of 6% to 8%.
Leadership and Sustainability
The three founders and members of the board of directors of About You, Sebastian Betz, Tarek Müller, and Hannes Wiese, have agreed to accept the offer and continue in their current roles. The joint group aims to enable positive change for a more sustainable and inclusive future of the fashion and lifestyle industry.