ABOUT YOU Endorses Zalando's Takeover Proposal

The management and supervisory boards of ABOUT YOU Holding SE have announced their support for Zalando's public takeover offer, which proposes a cash payment of EUR 6.50 per share. This price is deemed fair, given its substantial premiums over recent analyst targets and market prices.

The potential merger aims to form a pan-European ecosystem for fashion and lifestyle e-commerce, leveraging both companies' strengths. The collaboration promises significant value in both B2B and B2C sectors while maintaining independent brand identities.

The acceptance period for shareholders ends on February 17, 2025. The merger, aligned with corporate cultural synergies, expects to enhance sustainability and operational efficiency across markets. ABOUT YOU acknowledges SCAYLE’s integration within Zalando’s B2B segment as highly beneficial.