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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Rocket Internet Founder Aims to Triple Portfolio in 5 Years

Zalando | Source: Zalando

FRANKFURT, Germany — Rocket Internet, the venture capital company behind online brands such as retailer Zalando, says investors' growing interest in internet businesses could help it more than triple its portfolio over the next five years.

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