DGAP-News: Zalando SE / Key word(s): Investment
Zalando welcomes new shareholders
2021-02-17 / 09:00
The issuer is solely responsible for the content of this announcement.
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Berlin, February 17, 2021 - The Management Board of Zalando, Europe's leading platform for fashion and lifestyle,
acknowledges and supports the decision of Kinnevik, the Swedish investment company, to distribute all to its investors.
The step announced today comes more than ten years after Kinnevik's first investment into Zalando and will allow all
Kinnevik shareholders to become direct shareholders in Zalando.
Kinnevik has been a pivotal investor in Zalando since 2010. During the trustful and value-creating partnership, Zalando
demonstrated an unparalleled internationalization and scale-up of its operations, completed a highly successful Initial
Public Offering in 2014, transitioned to a platform business model and delivered sustainable and high growth, pursuing
its vision to become Europe's Starting Point for Fashion.
Rubin Ritter, Zalando Co-CEO, says: "We are very grateful for Kinnevik's support on our journey to build Europe's
Starting Point for Fashion. Especially in the early days of Zalando, Kinnevik's decisive support and willingness to
invest and take big risks to follow a long-term conviction has made a significant difference. After such a successful
partnership, granting Kinnevik shareholders direct exposure to Zalando is a logical next step and we are looking
forward to welcoming them as direct shareholders in Zalando. We view this as an opportunity to gain renewed support for
our vision and strategy going forward."
Over the past years, Zalando has consistently delivered strong and profitable growth at scale, quadrupling its business
since the IPO in 2014. In 2020, Zalando was able to significantly accelerate its growth compared to the years before.
Also going forward, Zalando intends to remain focused on capturing market share and building Europe's Starting Point
for Fashion.
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2021-02-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Zalando SE
Valeska-Gert-Straße 5
10243 Berlin
Germany
E-mail: investor.relations@zalando.de
Internet: https://corporate.zalando.de
ISIN: DE000ZAL1111
WKN: ZAL111
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1168880
End of News DGAP News Service
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1168880 2021-02-17
(END) Dow Jones Newswires
February 17, 2021 03:02 ET (08:02 GMT)