BERLIN, Sept 4 (Reuters) – German venture capital group
Rocket Internet is bringing together its five emerging market
fashion brands to create a company worth 2.7 billion euros ($3.6
billion) and simplify its structure before a likely stock market
The deal, agreed with major Swedish investor Kinnevik
, aims to untangle complex cross-holdings by investors
in Rocket and its most successful start-ups before an initial
public offering that could be announced as early as next week.
BERLIN/FRANKFURT, Sept 3 (Reuters) – Europe’s biggest online
fashion player Zalando announced plans to list a stake in the
business in hopes of raising more than 500 million euros ($657
million) to fund further expansion.
Zalando said on Wednesday it wanted to list a stake of 10-11
percent on the Frankfurt stock exchange this year, which could
value the company at about 6 billion euros in one of Germany’s
biggest tech flotations for years.
BERLIN, Aug 28 (Reuters) – Zalando unveiled a new
advertising campaign, website, packaging and apps on Thursday -
and gave a deeper insight than ever before into the inner
workings of Europe’s biggest online fashion player as it
prepares for a likely listing.
At the German retailer’s first-ever news conference, in a
converted industrial building in trendy east Berlin, its three
management board members said the start-up launched in a
basement just six years ago was now growing up.