Latest news with #Zalando
Hypebeast
6 days ago
- Entertainment
- Hypebeast
Zalando Brought Tommy Hilfiger To Berlin
To celebrate the European premiere ofF1® The MovieandTommy Hilfiger's legacy within the sport,Zalandobrought the brand to Berlin for a day of activations. With Tommy Hilfiger's connection to the sport going back to 1991, when it became the official clothing sponsor for Team Lotus, the legacy now continues through sponsoring the film which stars global brand ambassadorDamson Idris. And, as one of Tommy Hilfiger's key retail partner in the continent, Zalando hosted an intimate event celebrating the classic American label. The day kicked off with a panel talk at Zalando HQ, hosted by Shoshannah Richards and featuring Tommy Hilfiger, Zalando co-founder David Schneider, and members of the Tommy family Leni Klum, Lucien Laviscount and Noel Robinson. The conversation provided rich insight into the label, the fashion landscape, and the influence of a new generation on future trends. After the talk, the party continued to one of the city's oldest restaurants, Borchardt, where guests were invited to explore an archival exhibition showcasing '40 years of American style.' FromAaliyah's iconic '90s two-piece set,Snoop Dogg's striped rugby shirt as well as Damson Idris' racing suit fromF1® The Movie— attendees got an up-close look at the styles that defined the brand. The evening closed with a line-up of live music headlined by Berlin-based vocal ensemble A Song For You, before DJ sets from Zalando's community led into the late hours. See what went down at the Tommy Hilfiger x Zalando event in the video above. For more information and to shop latest styles, visit the retailer'swebsite.
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
Germany's About You starts FY25â26 strong with $637.3 mn Q1 revenue
German fashion e-commerce company About You Group has reported a 6 per cent year-on-year (YoY) increase in revenue to €549.4 million (~$637.3 million) in the first quarter (Q1) of fiscal 2025–2026 (FY25–26), supported by strong customer acquisition and a solid start to the Spring/Summer 2025 season. The active customers rose for the group by 8.4 per cent YoY to 13.3 million, and gross profit climbed by 3.6 per cent to €232 million. However, the gross margin declined by 100 basis points to 42.2 per cent due to promotional activity and one-off effects. The profitability improved significantly, with EBITDA growing by 79.1 per cent to €16.3 million, and the EBITDA margin rising to 3 per cent from 1.8 per cent. Adjusted EBITDA increased by 53.9 per cent to €23.2 million, with the margin improving to 4.2 per cent from 2.9 per cent, reflecting enhanced operational efficiency and strict cost control. German fashion e-commerce firm About You has reported a 6 per cent YoY revenue rise to €549.4 million (~$637.3 million) in Q1 FY25â€'26, driven by strong customer growth and a solid season start. EBITDA surged 79.1 per cent, while adjusted EBITDA rose 53.9 per cent. Scayle expanded internationally, and Zalando's acquisition progressed post-EU approval, with a squeeze-out of minority shareholders planned. The capital expenditure (capex) declined by 48.4 per cent to €7.2 million, indicating lower investment outflows. Free cash flow stood at €26.1 million, down 43.2 per cent YoY due to working capital timing effects. Cash and cash equivalents were €160.8 million at the end of the quarter, down from €194.8 million the previous year. Net working capital improved significantly to -€123.3 million from -€63.0 million, driven by inventory optimisation and working capital measures. Both the consumer-facing About You platform and its B2B segment, Scayle, contributed to growth. Scayle continued to invest in international expansion and now serves over 300 brands through its commerce technology and SCAYLE Payments, which recently received BaFin licensing and is expanding across Europe, added the release. Based on Q1 performance and a strong start to Q2, the management board reaffirmed its guidance for FY25–26, expecting moderate revenue growth and strong growth in adjusted EBITDA. Meanwhile, About You's acquisition by Zalando SE is progressing. With European Commission clearance secured, the takeover offer was settled on July 11, 2025, and Zalando plans to initiate a squeeze-out of the remaining minority shareholders. Fibre2Fashion News Desk (SG)
Irish Examiner
16-07-2025
- Entertainment
- Irish Examiner
Turn up the heat on vacation style with the right accessories
If you're looking for ways to turn up the heat on your vacation style, then look no further than the humble accessory. The right final touches can transform boring beachwear into Riviera chic in an instant. Think breezy raffia bucket hats, silk kaftans and accents of shimmering gold jewellery for a sun-catching look. Get The Look: Fashion Vacation Accessories at River Island Upgrade your vacation style with a curated sampling of holiday-ready accessories, as seen at River Island. Irish Boutique Chic: Sun Screen: Tortoise Shell Sunglasses, €38.95, Far Fetched Accessories. Stave off the sun's glare with a classic tortoiseshell frame, €38.95, Far Fetched Accessories. Pocket-friendly: Bucket List: Striped Bucket Hat, €35.00, Roxy at Zalando. Throw shade in a pastel-striped raffia bucket hat, €35, Roxy at Zalando. Cape Cod: Olivia Cape in Silk Satin, €380, Mona Swims. After a day in the sun, slip into a silky smooth kaftan cape for a chic poolside look, €380, Mona Swims. Monty Python: Snakeskin Leather Thong Sandals, €129, Arket. The flip-flop is back. This time it has extra bite, €129, Arket. Plunge Pool: Striped Halter Swimsuit, €45.99, Mango. Dive into swimwear with a flattering halter-neck swimsuit, €45.99, Mango. Roman Holiday: Ciao Embroidered Beach Bag, €74, Lilly Loves at Wolf & Badger. Say hello to summer's must-have beach bag, €74, Lilly Loves at Wolf & Badger. In Stitches: Crochet Beach Shorts, €19.99, H&M. Serve a beachside look one stitch at a time with these cute crochet shorts, €19.99, H&M. #ieloves: Outer Shell: Shell Necklace, €250, Jennifer Kinnear Shimmer in the summer sun in this season's favourite crustacean trend, €250, Jennifer Kinnear. Floral Display: Floral Print Scrunchie, €125, Dolce & Gabbana. From the pool to sundown, wear your hair up in designer style, €125, Dolce & Gabbana. Read More From side hustle to style sensation: Meet the Cork woman building a pre-loved luxury empire
Fashion Network
14-07-2025
- Business
- Fashion Network
Zalando takes majority stake in About You, targets 8% EBIT margin
Zalando and About You, two of Europe's leading online fashion platforms, have officially merged in a strategic move to unite their B2C and B2B strengths. While combining forces to accelerate growth across the region, both companies will retain distinct brand identities. Zalando will unveil the first outlook for the newly formed group on August 6, alongside its second-quarter earnings for fiscal year 2025. The European Commission approved the deal on July 1, including Zalando's voluntary public takeover offer to About You shareholders. Zalando has now acquired 91.45% of the former Otto Group subsidiary's share capital. As a next step, Zalando intends to initiate a squeeze-out of remaining minority shareholders, offering them fair cash compensation. The squeeze-out will occur through a merger between About You and a wholly owned Zalando subsidiary. Since announcing the planned merger on December 11, 2024, both companies say they've been preparing for this next phase—developing concrete plans to ensure a smooth transition post-merger. 'Zalando and About You both started as local startups and have grown into European success stories,' said Robert Gentz, Zalando's co-CEO and co-founder. 'We share a deep focus on quality, innovation, and staying close to our customers. Together, we'll be a powerhouse shaping the future of fashion and lifestyle e-commerce in Europe.' On the B2C side, the group plans to deliver differentiated and engaging shopping experiences for both customers and brands. In B2B, the integration of About You's payment solution Scayle complements Zalando's vision of building a full-scale operating system for the fashion and lifestyle sector. 'By combining our complementary logistics and software tools—Zeos, Tradebyte, and Scayle—we're creating an even more robust e-commerce operating system,' the companies stated. 'This will allow brands and retailers to efficiently manage multichannel businesses across Europe and beyond.' 'At the heart of this partnership is our shared mission to redefine how people shop for fashion and lifestyle products—and to bring real value to our customers and partners,' said Tarek Müller, co-CEO and co-founder of About You. Gentz added, 'This strategic transaction unlocks major collaborative opportunities while allowing About You to retain its identity and entrepreneurial energy.' Back in December 2024, Zalando reaffirmed its mid-term outlook for the combined group. By 2028, the company expects compound annual growth of 5 to 10 percent in both gross merchandise volume (GMV) and revenue. The merged entity is also targeting an adjusted EBIT margin of 6 to 8 percent—representing a significant boost in absolute earnings. Together, the companies aim to capture a larger share of Europe's €450 billion fashion and lifestyle market.
Fashion Network
13-07-2025
- Business
- Fashion Network
Zalando takes majority stake in About You, targets 8% EBIT margin
Zalando and About You, two of Europe's leading online fashion platforms, have officially merged in a strategic move to unite their B2C and B2B strengths. While combining forces to accelerate growth across the region, both companies will retain distinct brand identities. Zalando will unveil the first outlook for the newly formed group on August 6, alongside its second-quarter earnings for fiscal year 2025. The European Commission approved the deal on July 1, including Zalando's voluntary public takeover offer to About You shareholders. Zalando has now acquired 91.45% of the former Otto Group subsidiary's share capital. As a next step, Zalando intends to initiate a squeeze-out of remaining minority shareholders, offering them fair cash compensation. The squeeze-out will occur through a merger between About You and a wholly owned Zalando subsidiary. Since announcing the planned merger on December 11, 2024, both companies say they've been preparing for this next phase—developing concrete plans to ensure a smooth transition post-merger. 'Zalando and About You both started as local startups and have grown into European success stories,' said Robert Gentz, Zalando's co-CEO and co-founder. 'We share a deep focus on quality, innovation, and staying close to our customers. Together, we'll be a powerhouse shaping the future of fashion and lifestyle e-commerce in Europe.' On the B2C side, the group plans to deliver differentiated and engaging shopping experiences for both customers and brands. In B2B, the integration of About You's payment solution Scayle complements Zalando's vision of building a full-scale operating system for the fashion and lifestyle sector. 'By combining our complementary logistics and software tools—Zeos, Tradebyte, and Scayle—we're creating an even more robust e-commerce operating system,' the companies stated. 'This will allow brands and retailers to efficiently manage multichannel businesses across Europe and beyond.' 'At the heart of this partnership is our shared mission to redefine how people shop for fashion and lifestyle products—and to bring real value to our customers and partners,' said Tarek Müller, co-CEO and co-founder of About You. Gentz added, 'This strategic transaction unlocks major collaborative opportunities while allowing About You to retain its identity and entrepreneurial energy.' Back in December 2024, Zalando reaffirmed its mid-term outlook for the combined group. By 2028, the company expects compound annual growth of 5 to 10 percent in both gross merchandise volume (GMV) and revenue. The merged entity is also targeting an adjusted EBIT margin of 6 to 8 percent—representing a significant boost in absolute earnings. Together, the companies aim to capture a larger share of Europe's €450 billion fashion and lifestyle market.
