Zalando to double luxury brands to take on Richemont e-commerce
Millennials are pushing a trend of increased purchases of luxury goods online
27 February 2020 - 11:12
Frankfurt — Zalando, Europe’s largest online fashion retailer, will add more premium brands in a move that will position it head-to-head with Richemont’s e-commerce business Yoox Net-a-Porter.
Zalando plans to double its premium and luxury assortment by the end of 2023 to gain a bigger share in the €38bn market for high-end fashion, the company said on Thursday. Zalando has started out by adding Moschino Couture and Alberta Ferretti...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.