E-retailer Zalando to buy About You for $1.2 bln – ET Retail
German online retailer Zalando said on Wednesday it had struck a deal to buy rival fashion group About You for 1.1 billion euros ($1.2 billion), as part of plans to create a pan-European e-commerce platform. The cash offer corresponds to 6.50 euros per share, a 107 per cent premium to About You’s three-month average stock…