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LVMH MO╦T HENNESSY LOUIS VUITTON SE

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LVMH MoŰt Hennessy Louis Vuitton : Zalando, LVMH's Sephora form strategic partnership

06/22/2021 | 01:31am EDT
People enter a Sephora store in New York City, New York

FRANKFURT (Reuters) - German online retailer Zalando on Tuesday said it has formed a strategic partnership with LVMH's Sephora, allowing the beauty products chain to offer its products via Zalando's platform.

The partnership will be rolled out in Germany in the fourth quarter and expanded to other Zalando markets from 2022.

No financial details were disclosed.

"Fifty years after opening its first store, Sephora once again disrupts prestige beauty by joining forces with Zalando to create the ultimate online prestige beauty destination for Zalando's 42 million active customers," Sephora CEO Martin Brok said.

Sephora operates in 35 countries and has 2,000 stores globally, with roughly half in Europe.

"Beauty represents a huge and exciting opportunity for us, with the online beauty market still largely untapped in Europe," Zalando Co-CEO David Schneider said.

Zalando, Europe's biggest online only fashion retailer, has seen sales soar during coronavirus lockdowns, with revenues in the January-March period up 47% to 2.24 billion euros ($2.67 billion).

(Reporting by Christoph Steitz; editing by Barbara Lewis)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LVMH MOËT HENNESSY LOUIS VUITTON SE 1.94% 687 Real-time Quote.31.90%
ZALANDO SE 1.77% 95.42 Delayed Quote.2.97%
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Financials
Sales 2021 61 092 M 72 524 M 72 524 M
Net income 2021 10 047 M 11 927 M 11 927 M
Net Debt 2021 12 463 M 14 795 M 14 795 M
P/E ratio 2021 34,3x
Yield 2021 1,15%
Capitalization 346 B 411 B 411 B
EV / Sales 2021 5,87x
EV / Sales 2022 5,26x
Nbr of Employees 148 343
Free-Float 52,2%
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 687,00 €
Average target price 721,74 €
Spread / Average Target 5,06%
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Managers and Directors
Bernard Arnault Chairman & Chief Executive Officer
Jean-Jacques Guiony Chief Financial Officer
Charles de Croisset Independent Director
Diego della Valle Independent Director
Yves-Thibault de Silguy Independent Director
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