Zalando shares slump as German regulator launches probe into accounts

(Sharecast News) - Shares in retailer Zalando slumped on Friday after Germany's finance regulator BaFin said it had started an investigation into the company over whether it omitted information about its takeover of About You in its 2025 accounts. BaFin said it had evidence accounting regulations had been breached when Zalando failed to disclose information on a related-party transaction linked to its €1.1bn acquisition of rival About You last year.

Reporting by Frank Prenesti for Sharecast.com