Finance & Economics

Zalando to join the DAX

Zalando will join Germany’s benchmark blue-chip index 13 years after foundation, having been included in the MDAX since 2015

Zalando

Zalando to join the DAX. Source: shutterstock.com

According to the press release, Zalando SE will join the DAX (Deutsche Aktienindex) effective September 20, 2021.

This decision was announced tonight by Qontigo’s global index provider STOXX Ltd. The DAX is the German stock market index and covers the largest listed companies in Germany.

Founded in 2008 in Berlin, Zalando has quadrupled its business from 2014 to 2020. Today, Zalando is a global fashion retailer and services platform, connecting about 45 million active customers to over 4,500 brands and partners.

In fact, Zalando will maintain its focus on growth, aiming to grow Gross Merchandise Volume to more than €30 billion by 2025. The company further aspires to serve over 10% of the total €450 billion European fashion market in the long-term. To this end, Zalando will continue to invest into customer experience, platform services and infrastructure.

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