BaFin alleges that Zalando omitted necessary information concerning a transaction with a related party linked to the About You deal from the notes in its financial statements. The acquisition, finalized last year, valued the smaller retailer at 1.13 billion euros.

Zalando maintains that the omission is a purely formal matter of little material significance. The company stated that all relevant details regarding the About You purchase were already publicly accessible during the tender offer process. Management remains in what they describe as a constructive dialogue with the regulator, while market analysts suggest the oversight may be a technical reporting error rather than a systemic financial failure.