About You news and archive

Germany’s About You sees stock soar on improved annual outlook

German online fashion retailer About You YOUG.DE raised its full-year sales outlook on Tuesday citing strong second-quarter revenue growth. On the back of the news, the retailer’s shares outperformed the national benchmark index – DAX – as well as strong players including Puma and Adidas. It’s worth recalling that the retailer went public in...

Business

Fashion Friday: COVID-19 drives digitalisation of fashion brands in Eastern Europe

This month’s Fashion Friday podcast series by Euromonitor International analyses the impact of digitalisation of fashion brands in Eastern Europe. Euromonitor International · Fashion Friday: Accelerating the Digitalisation of Fashion Brands in Eastern Europe Digitalisation became a part of Eastern European fashion brands’ strategy a few years...

Business

German e-tailer About You eyes 4bn euro valuation in IPO

German fashion e-tailer About You has set a price range of between 21 euros to 26 euros a share for its float on the stock market, valuing it at around 4 billion euros. The company, which is owned by Otto Group, said it aims to raise between 600 million euros and 941 million euros via a private placement which it will use to scale its offering...

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Business|ANALYSIS

The key to Otto Group’s decision to float About You

Unlike other e-commerce operators, About You hasn’t been able to capitalise on the online shopping boom brought by the pandemic. With their recently announced initial public offering of shares (IPO), the German retailer expects to be perceived as “a recovery play” by investors. “We were not a lockdown winner,” About You’s co-founder Tarek...

Business

German e-tailer About You plans IPO on Frankfurt Stock Exchange

German fashion e-tailer About You has announced plans to float on the Frankfurt Stock Exchange in the second quarter of the year. The company, which is owned by Otto Group, aims to raise 600 million euros with the IPO, which it will use to scale the company’s offering internationally, accelerate the expansion of its software-as-a-service (SaaS),...