BaFin investigates Zalando accounting

Germany's financial watchdog, Germany — Federal Financial Supervisory Authority, has initiated an investigation into Zalando's consolidated financial statements and management report for 2025. The probe stems from indications that Zalando may have violated accounting regulations by omitting details about a transaction with a related party during its acquisition of fashion platform About You Holding. Germany — Federal Financial Supervisory Authority has publicly announced the investigation and will disclose its findings, regardless of whether accounting errors are ultimately found. Zalando maintains that the issue is a 'purely formal, but materially immaterial' aspect of the financial statements, asserting that all relevant information regarding the About You Holding acquisition was publicly available.