Zalando aims to double £3bn revenue by 2020

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Zalando

Europe’s biggest online fashion retailer Zalando has announced a string of new high-profile partnerships as part of plans to double revenues by 2020.

At a media event today, Zalando’s co-chief executive Rubin Ritter revealed the retailer’s target to “double the company again by 2020”, citing 2016’s £3.15 billion income as its yardstick.

The announcement comes amid a string of new partnerships. A new arrangement with Nike will see further integration of its stock on the site.

Another new deal with H&M will see its Weekday brand be sold through the marketplace alongside the introduction Bestseller Group brands like Vero Moda.

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