Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Zalando sells £308m stake

German etailer Zalando has sold a 7.3% stake in the business worth £308m, after reporting its first full year profit.

Early backers of the company, including the investment vehicle of the Samwer brothers Global Founders, venture capital firms Holtzbrinck Ventures and Rocket Internet, and hedge fund AI European Holdings, have sold 17.9 million existing shares.

The company’s management is also reducing its stake, according to Morgan Stanley, which co-managed Zalando’s debut on the Frankfurt stock market in October.

Earlier this month Zalando reported sales of €2.2bn (£1.5bn) for the full year to December 31, up from €1.7bn (£1.2bn) the previous year, with an adjusted EBIT of €81.9m (£59.3m) compared with a loss of €108.6m (£7 8.6m) in 2013.

Morgan Stanley, Goldman Sachs Group and Credit Suisse Group are managing the sale.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.