BaFin Probes Zalando Over €1.1 Billion About You Deal Disclosure
Updated
Updated · Financial Times · Jun 26
BaFin Probes Zalando Over €1.1 Billion About You Deal Disclosure
2 articles · Updated · Financial Times · Jun 26
Summary
BaFin opened an investigation into Zalando’s 2025 accounts, saying it has concrete indications the retailer may have breached disclosure rules tied to its €1.1 billion acquisition of About You.
Two people familiar with the matter said the review focuses on Zalando’s failure to state in its annual report that Anders Holch Povlsen was a significant shareholder in both Zalando and About You before the takeover.
More than 5% was wiped off Zalando’s share price on Friday morning after the probe became public, though the company called the issue purely formal and immaterial and said all takeover details had already been disclosed.
The scrutiny lands as Zalando integrates About You to build scale against rivals such as Shein, with the group targeting €100 million in annual cost savings by 2028.