Online retailer Zalando is planning an own-label division as a standalone business as it attempts to tap untapped markets and challenge rivals.
The news comes as investors reportedly expressed concern over Amazon‘s growth into fashion.
The German-based etailer‘s own-labels chief Jan Wilmking predicted the own-label business would grow between 20 and 25 per cent every year – a similar rate to the rest of Zalando.
RELATED: Zalando sales soar in strong half-yearly report
“We see great potential,” Wilmking told Reuters.
“We want to strengthen the brands outside of Zalando.”
Zalando currently operates in 15 European markets– including the UK – with more than 1500 brands in its portfolio, including own-label.
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