Zalando acquires 90% of About You and plans minority squeeze-out

GlobalData

Mon, Mar 10, 2025, 5:57 AM 1 min read

German online manner elephantine Zalando has successfully acquired much than 90% of the stock superior of its competitor, About You, successful a nationalist takeover bid.

The fig does not see shares already held by About You. In December 2024, Zalando disclosed its volition to acquisition About You for €1.2bn ($1.3bn) and subsequently initiated a voluntary nationalist tender connection to get up to 100% of the company’s stock capital.

The deadline for accepting the takeover connection expired astatine midnight (Central European Time) connected 6 March 2025, with Zalando readying to state the last result of the takeover bid connected 11 March.

The completion of the takeover connection is pending regulatory consent and acceptable to adjacent successful the summertime of 2025.

Zalando intends to bargain retired the remaining number shareholders of About You by implementing a squeeze-out process and providing a just currency compensation to beryllium determined later.

The absorption committee of About You has been notified of Zalando's intentions.

The squeeze-out is planned successful conjunction with a merger successful which About You is absorbed by Zalando oregon 1 of its wholly-owned subsidiaries unless Zalando achieves a 95% ownership threshold that would let for a nonstop squeeze-out without the request for a merger.

In either scenario, Zalando volition connection capable currency compensation to get the remaining shares of About You.

The circumstantial currency compensation per About You stock volition beryllium established astatine a aboriginal date. For fiscal twelvemonth 2024, Zalando reported a gross merchandise measurement summation of 4.5%, reaching €15.3bn ($16.51bn) and a gross maturation of 4.2%, amounting to €10.6bn.

"Zalando acquires 90% of About You and plans number squeeze-out" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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