Kinnevik Joins Rocket Internet to Form Global Fashion E-Commerce Group

Rocket Internet's headquarters in Berlin | Source: Rocket Internet

Investment AB Kinnevik and Rocket Internet AG, the e-commerce accelerator founded by Germany’s Samwer brothers, agreed to combine five online fashion businesses to create a global powerhouse.

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Online Fashion Retailer Zalando Plans to IPO This Year

Zalando collection | Source: Zalando

Zalando SE, Europe’s largest online shoe and fashion retailer, plans to sell as much as 11 percent of its shares in an initial public offering this year, marking a coming of age for a Berlin-based startup industry that has yet to produce a big sale or IPO.

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German Online Retailer Zalando Turns Profit Before IPO

Zalando collection | Source: Zalando

Zalando SE, Europe’s largest online shoe and fashion retailer, reported a second-quarter profit of 35 million euros ($46 million), giving investors more evidence the company is controlling costs ahead of a potential initial public offering.

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