Germany
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Germany Federal Financial Supervisory Authority (BaFin) Investigates Germany $7 Billion Online Fashion Company Zalando $1.4 Billion (€1.2 Billion) Acquisition of E-Commerce Company ABOUT YOU Group in 2025 for Failing to Disclose Related Party Transaction – Denmark Billionaire Anders Holch Povlsen (Largest Shareholder of Zalando) Held Stake in ABOUT YOU Group

26th June 2026 | Hong Kong

Germany federal financial supervisory Authority (BaFin) is investigating Germany online fashion company Zalando ($7 billion market value) $1.4 billion (€1.2 billion) acquisition of e-commerce company ABOUT YOU Group in 2025 for failing to disclose related party transaction Denmark billionaire Anders Holch Povlsen (Largest shareholder of Zalando) held stake in ABOUT YOU GroupZalando – Founded in Berlin in 2008, Zalando is the leading European technology platform for fashion and lifestyle. Connecting 62 million active customers with more than 7,000 brands across 29 markets, our business is built on a unique AI-powered data and infrastructure platform. For our customers, our multi-app approach – comprising Zalando, ABOUT YOU, and Lounge by Zalando – delivers an inspiring, highly personalized shopping experience, serving different customers with different needs. For our partners, we are building the operating system for e-commerce. Through ZEOS, Tradebyte, and SCAYLE, we open our logistics, software, and service capabilities to brands and retailers, enabling them to seamlessly scale their businesses across borders.  ABOUT YOU – The ABOUT YOU Group is an international e-commerce group, organized into different strategic business units: The online fashion store ABOUT YOU represents the Group’s business-to-consumer business. With over 12 million active customers, ABOUT YOU is one of the largest online retailers for fashion and lifestyle in Europe and the leading provider of a personalized shopping experience on smartphones. In the award-winning ABOUT YOU app and on aboutyou.com, customers find inspiration and a range of around 750,000 items from nearly 4,000 brands. The Group’s business-to-business operations are largely handled by SCAYLE GmbH. SCAYLE offers a modern, cloud-based enterprise shop system that enables brands and retailers to scale their digital businesses quickly and flexibly, and adapt to growing customer needs. Around 300 online stores choose SCAYLE’s Commerce technology under a license model, including leading brands and retailers such as Harrods, Manchester United, Deichmann, Fielmann, and FC Bayern.

“ Germany Federal Financial Supervisory Authority (BaFin) Investigates Germany $7 Billion Online Fashion Company Zalando $1.4 Billion (€1.2 Billion) Acquisition of E-Commerce Company ABOUT YOU Group in 2025 for Failing to Disclose Related Party Transaction – Denmark Billionaire Anders Holch Povlsen (Largest Shareholder of Zalando) Held Stake in ABOUT YOU Group “

 



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Germany Federal Financial Supervisory Authority (BaFin) Investigates Germany $7 Billion Online Fashion Company Zalando $1.4 Billion (€1.2 Billion) Acquisition of E-Commerce Company ABOUT YOU Group in 2025 for Failing to Disclose Related Party Transaction – Denmark Billionaire Anders Holch Povlsen (Largest Shareholder of Zalando) Held Stake in ABOUT YOU Group

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