About You ✓
Personalised online fashion destination for Gen Z and millennial shoppers
At a Glance
- Legal name
- About You Holding SE (Luxembourg parent) / ABOUT YOU SE & Co. KGaA (German operating)
- Registry number
- RCS B190805 (Luxembourg holding) / HRB 148546 (Hamburg KGaA) · verify
- Jurisdiction
- Luxembourg (parent) / Germany (operating)
- Ownership
- private
- Employees
- 5000-10000
- Revenue (est.)
- 1-5B
- Headquarters
- Berlin office: Friedrichstrasse 76, 10117 Berlin (group HQ in Hamburg)
About You is a leading European online fashion platform serving Gen Z and millennial customers across 26 countries, with strong Berlin operations and its headquarters traditionally in Hamburg.
About You is a leading European online fashion platform serving Gen Z and millennial customers across 26 countries, with strong Berlin operations and its headquarters traditionally in Hamburg. Founded in 2014 by Tarek Müller, Hannes Wiese and Sebastian Betz as a spin-out of Hamburg-based Otto Group, the company positions itself as a personalised fashion destination with a curated social-commerce approach, integrating influencer-driven content with algorithmic product recommendations. The platform carries more than 600 brands and over 500,000 product variants, shipping to Germany, France, Austria, Switzerland, the Netherlands, Belgium, Poland, the Czech Republic, the Nordics, Spain, Italy and the UK. About You completed its IPO on the Frankfurt Stock Exchange in June 2021 at a 3.9 billion euro valuation, and in 2025 was taken private through a 1.2 billion euro cash and share acquisition by rival Zalando SE. Berlin plays a significant role in About You's operations through the About You Commerce Cloud, the company's business-to-business enterprise platform that powers third-party fashion retailers, which has a strong engineering and sales presence in Berlin.
- 1
Parent-subsidiary layout
About You's structural story is an unusually rich case study because the company has gone through almost every major corporate-form transition available to German tech groups within a single decade: Otto Group subsidiary, spin-off GmbH, German KGaA, Luxembourg-holding-plus-German-operating dual-parent, Frankfurt-listed group, and finally a 2025 acquisition by Zalando SE that took it private again. Each transition reveals something instructive about German-Luxembourg cross-border structures. The initial Otto Group incubation placed About You under Germany's largest privately-held retail group, providing capital, logistics access and brand relationships. The 2018 spin-off created About You Holding GmbH as a standalone entity still majority-owned by Otto.
- 2
Capital markets path
Ahead of the 2021 IPO, About You adopted a Luxembourg holding above the German operating group: About You Holding SE was incorporated in Luxembourg with registered office in Luxembourg City, while the operating entity ABOUT YOU SE & Co. KGaA was restructured into a Kommanditgesellschaft auf Aktien, a hybrid partnership-limited-by-shares corporate form that allows a general partner to retain control while raising equity from public shareholders. The KGaA form is unusual but powerful: it is used by Merck, Henkel and Fresenius to preserve family or founder control post-IPO. For About You, the KGaA preserved Otto Group's ability to direct strategic decisions through a general-partner SE subsidiary.
- 3
Offshore parent structure
The Luxembourg holding added tax optimisation through the participation exemption regime on dividends and capital gains from the German operating group. The 2025 Zalando acquisition unwound this complexity: Zalando SE acquired the Luxembourg About You Holding SE, folding the whole group into the Zalando SE tree. Berlin was always an operational hub for About You, particularly for the About You Commerce Cloud B2B platform, rather than the legal seat, which was Hamburg for the operating KGaA and Luxembourg for the holding. Founders should study About You as the canonical example of a Luxembourg-plus-German-KGaA dual structure.
Replicate About You's structure in 4 steps
The formation playbook, distilled from how this company was actually set up.
Parent-subsidiary layout
To replicate About You's structure: (1) Incorporate a Luxembourg SA or SARL as the top-level holding company with minimum 30,000 euros share capital for an SA, registered in the Luxembourg RCS.
German entity type
(2) Incorporate a German KGaA (Kommanditgesellschaft auf Aktien) as the operating entity, with an SE or GmbH general partner retaining strategic control and limited-shareholder equity listed publicly if desired.
KGaA minimum capital is 50,000 euros
KGaA minimum capital is 50,000 euros.
Offshore parent structure
(3) Arrange a profit-and-loss transfer agreement between the German operating KGaA and a German tax-group parent to enable Organschaft tax consolidation. (4) Hold the Luxembourg holding's shares through investor vehicles, Otto Group and founder vehicles. (5) The Luxembourg participation exemption exempts dividends and capital gains on qualifying subsidiary holdings, optimising cross-border tax flows. Expect 9 to 18 months to establish the full structure with tax, corporate and notarial support.
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Frequently Asked Questions
Why does About You have a Luxembourg parent and a German operating entity?
The Luxembourg-plus-German structure was adopted ahead of About You's 2021 Frankfurt IPO to combine two benefits. First, the Luxembourg parent regime provides a participation exemption on dividends and capital gains from qualifying subsidiary holdings, optimising cross-border tax flows for a group with operations in more than 20 countries. Second, the German operating entity structured as a KGaA allowed Otto Group and the founders to retain strategic control through a general-partner SE subsidiary while raising public equity from limited shareholders.
What is a KGaA and why did About You use one?
A Kommanditgesellschaft auf Aktien is a German hybrid corporate form combining a partnership and a stock corporation. A general partner, with unlimited liability but capped through its own limited-liability corporate form, retains strategic control, while limited shareholders hold publicly tradeable shares without management rights. Merck, Henkel and Fresenius use KGaAs to preserve family control post-IPO. About You used one to preserve Otto Group and founder control after its 2021 listing, with an SE general partner directing strategy while public KGaA limited shares traded on Frankfurt.
What happened in the 2025 Zalando acquisition?
Zalando SE acquired About You Holding SE, the Luxembourg parent, for approximately 1.2 billion euros in cash and Zalando shares, taking the group private. The transaction unwound About You's public-market status and folded the Hamburg-Berlin operating KGaA below the Zalando SE parent. Zalando has indicated it will maintain About You as a separate customer-facing brand while integrating back-office functions. The deal was one of the largest European e-commerce transactions of 2025 and consolidated two major Rocket-Internet-adjacent fashion alumni under a single Berlin-headquartered SE.
How much of About You is in Berlin versus Hamburg?
About You's group headquarters and largest single office is in Hamburg, where the company spun out from Otto Group in 2018. However, Berlin hosts significant engineering, sales and commercial teams, particularly for the About You Commerce Cloud, the company's B2B SaaS platform that powers third-party fashion retailers. Berlin also hosts brand and partnership teams serving the DACH and Central European markets. Post-Zalando acquisition the operational split may evolve as the two companies integrate functions.
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