General
Zalando chief executive Rubin Ritter quits Europe’s biggest fashion retailer to prioritise wife’s career
Rubin Ritter, chief executive of Europe’s biggest online fashion retailer Zalando, has handed in his resignation saying he had agreed to prioritise his wife’s career.
Key points:
- Zalando makes billions selling fashion and lifestyle products across Europe
- Rubin Ritter had been contracted until 2023 but will leave his role mid-next year
- He said his wife’s professional ambitions should take priority
Berlin-based Zalando was founded in 2008 and recorded revenue of more than 6.4 billion euros ($10.5 billion) last year selling fashion and lifestyle products to customers in 17 European markets.
The company has a market capitalisation of about 20 billion euros.
Mr Ritter, who was appointed as co-chief executive in 2010, said the decision was the…
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