Zalando under regulatory scrutiny over About You acquisition disclosure

Germany's fiscal regulator has launched a ceremonial audit of e-commerce radical Zalando's 2025 consolidated accounts aft identifying factual indications of imaginable omissions.

The Federal Financial Supervisory Authority, BaFin, started the introspection connected 19 June nether the German Securities Trading Act and is utilizing its ain auditors for the review.

The substance relates to Zalando's acquisition of About You.

BaFin is examining whether accusation connected to a transaction involving a related entity was wrongly near retired of the notes to the group's consolidated fiscal statements for the twelvemonth ended 31 December 2025.

According to the regulator, it is legally required to unfastened a reappraisal erstwhile it has factual indications of accounting irregularities and indispensable besides marque specified reviews public, careless of the findings.

BaFin said it wanted to marque wide that neither the commencement of the audit nor the disclosure of it should beryllium seen arsenic confirmation of immoderate error, oregon arsenic a motion that accounting inaccuracies are apt to beryllium found.

The authorization said the announcement was portion of its ongoing committedness to transparency successful fiscal oversight.

BaFin said it would people the result erstwhile the probe is complete.

In its statement, Zalando said: "Zalando considers this a purely ceremonial and materially immaterial facet of the notes to the fiscal statements, arsenic each applicable accusation concerning the acquisition of the About You shares – including the companies involved, the transaction operation and the acquisition terms – was already afloat publically disposable arsenic portion of the nationalist takeover offer."

The audit follows Zalando's reporting of fiscal 2025 results astatine the apical extremity of its guidance range.

The radical recorded gross merchandise measurement of €17.6bn ($20.07bn), up 14.7% from €15.31bn a twelvemonth earlier, portion gross accrued by 16.8% to €12.3bn from €10.57bn.

Zalando said the completion of the About You acquisition and developments successful its user and wholesale divisions contributed to the performance.

"Zalando nether regulatory scrutiny implicit About You acquisition disclosure" was primitively created and published by Retail Insight Network, a GlobalData owned brand.