Diana Leon Band
Sep 6 2021
Zalando’s position as one of the largest electronic fashion retailers across all price levels has been consolidated with the news that it will join the DAX (Deutsche Aktienindex) index on September 20.
Its shares are currently listed on the MDAX index and have been since 2015. Although they are not at the all-time high that they reached at the end of June, they have followed a generally upward trajectory over the past six years. They are now qualifying for a position on the DAX, which is an elite grouping of the top 30 top-tier German companies listed on the Frankfurt Stock Exchange.
“We are proud to see what the Zalando team has built in the last decade. Growing a company that sold flip-flops in a basement into a pan-European platform serving some 45 million customers. However, we still have ahead of us. a great opportunity, “said company co-founder and co-CEO Robert Gentz.
Founded in 2008 in Berlin, Zalando has grown steadily since becoming a stock market company in 2014 and today deals with more than 4,500 brands and partners.
Its aim is to reach a gross merchandise volume (GMV) of more than € 30 billion by 2025 and to gain a share of more than 10% of the European fashion market of € 450 billion. , long-term. The current price of its shares means that it has a market capitalization of almost 25 billion euros, about five times more than when it went public.
Although previously known for its mass-market fashion, the company has recently moved into higher price categories, announcing last month that it was increasing its offering of established and emerging designers.
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