Zalando shares fell as much as 20% in premarket trading after Germany's financial regulator BaFin opened a review of the company's consolidated accounts. The probe centers on a related-party disclosure in the footnotes of Zalando's accounts tied to its acquisition of fashion platform About You. Zalando described the matter as a purely formal, non-material issue with no impact on its financial KPIs. Analysts noted the review creates an overhang on the stock until BaFin concludes its examination. The sharp market reaction was amplified by a broader tech sell-off and BaFin's post-Wirecard reputation for rigorous scrutiny.
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