Zalando is seeking to double its revenues by 2020, Rubin Ritter, its co-chief executive, said at a media event. The executive made the prediction while announcing that Europe’s biggest pure online fashion retailer had formed partnerships with Nike and H&M and the Bestseller group.
Under the deals, Zalando will add more Nike styles, add H&M’s Weekday brand to its offerings, and provide logistic services for Bestseller, which has brands including Vero Moda, according to Reuters.
Revenues were €3.6 billion ($4.02 billion) in 2016.
Photo courtesy Zalando