FRANKFURT, Feb 15 (AFP): Zalando, Europe's largest online retailer, is
considering going public in a deal potentially valuing the company at
about 8.0 billion euros, a news report said on Friday.
Asked by AFP, the Berlin-based company declined to comment on the information.
But Dow Jones Newswires quoted chief executive Rubin Ritter as saying that an initial public offering (IPO) "could be an interesting option in the future."
However, "no decision has been made," Ritter was quoted as saying.
Set up six years ago, Zalando was able to lift sales by 50 per cent to 1.8 billion euros ($2.5 billion) last year.
It was nevertheless unable to make a profit, turning in a loss of 120 million euros.
Ritter said he was satisfied with the company's 2013 performance, although a mild winter and investments in new distribution centres hampered profitability.
Asked by AFP, the Berlin-based company declined to comment on the information.
But Dow Jones Newswires quoted chief executive Rubin Ritter as saying that an initial public offering (IPO) "could be an interesting option in the future."
However, "no decision has been made," Ritter was quoted as saying.
Set up six years ago, Zalando was able to lift sales by 50 per cent to 1.8 billion euros ($2.5 billion) last year.
It was nevertheless unable to make a profit, turning in a loss of 120 million euros.
Ritter said he was satisfied with the company's 2013 performance, although a mild winter and investments in new distribution centres hampered profitability.
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