07 Jun. 2010
ZALANDO ACQUIRES MYBRANDSGerman online shoe shop Zalando (http://www.zalando.de/) has acquired the online designer outlet MyBrands, resulting in a mutually beneficial partnership that will enhance Zalando with, for example, MyBrands’ knowledge in terms of selling remaining stock. As a result of the deal, My Brands’ team of 45 employees is being transferred to Zalando. Details concerning the purchasing price of the acquisition were not given. Berlin-based Zalando GmbH was founded in 2008 by Robert Gentz and David Schneider and offers shoes for women, men and children from 260 different brands, as well as apparel and accessories. Zalando is known for offering such services as free shipping, free returns and a free service hotline.
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