German Online Retailer Zalando Turns Profit Before IPO

Fashion retailer Zalando | 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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