German online retailer Zalando has entered into a definitive business combination agreement with German fashion e-tailer About You, under which Zalando intends to submit a voluntary public tender offer to acquire up to 100% of About You's share capital.

The companies have teamed up to better serve the needs of customers and partners through their combined and distinct B2C and B2B offerings, enabling the combined group to cover a larger share of the European fashion and lifestyle e-commerce market.

Subject to the review of the offer document to be published by Zalando, the management board and supervisory board of About You intend to recommend shareholders accept the offer. For more information, visit zalando.com.