German fashion e-commerce company Zalando this morning reported strong financial results for the third quarter of this year, with revenue surging more than 24%, putting it ‘on track’ for a profitable 2014.
E-commerce conversion platform provider Ve has acquired digital advertising company GDM Digital in a $12 million deal to grow its client base to more than 6,000 online businesses in one fell swoop.
Online fashion giant Zalando has set the price range for its upcoming IPO to a maximum of 22.5 euros per share, which implies that its valuation at the high end would be more than 5 billion euros.
Confirmed (finally): Germany-based online fashion powerhouse Zalando is plotting an IPO in the second half of 2014, planning to list up to 11 percent of shares on the Frankfurt Stock Exchange.
German online fashion retail powerhouse Zalando says its group revenues have increased by almost 30 percent in the first half of this year, hitting more than 1 billion euros for the six-month period.
Online fashion store Zalando saw sales of up to 560 million euros in the second quarter of 2014 on strong mobile growth, and recorded revenues of more than 1 billion euros for the first half of the year.
South African media company Naspers has acquired the remainder of shares in Turkish e-commerce juggernaut Markafoni, thus becoming its full owner. Founder and CEO Sina Afra is leaving the company.