Schustermann & Borenstein Group (S&B Group ‐ bond issuer: PrestigeBidCo GmbH ‐ ISIN: XS1533933039, XS1533933112), the leading members‐only retailer for off‐price premium fashion, today announced a change in its leadership team. Dr. Moritz Hahn, former member of the Zalando Executive Committee and Senior Vice President Global Marketing, Sales and Supply at Europe’s leading online platform for fashion and lifestyle, will join S&B as Co‐CEO as of November 16, 2020.
Hahn has extensive experience in the e‐commerce industry, having held various management positions at Zalando since 2011. At the online retailer he led large scale innovations such as machine‐learning based performance marketing, making Zalando one of the largest advertisers on Facebook and Instagram in Europe. He also drove the transition of Zalando towards becoming a leading platform with a strongly increased marketplace share.
Daniel Schustermann, CEO of the S&B Group, commented: “We are very happy to welcome Moritz in our team. With him we have attracted one of the most renowned e‐commerce managers in Europe with a proven track‐record of delivering growth and profitability. His industry expertise and strategic mindset make him a perfect fit for us. Together, we will set the course for the next phase of our success story and further expand our e‐commerce activities.”
Dr. Moritz Hahn: “I am very excited to join one of the most successful retailers in Europe with a DNA of passion and performance. With its successful business model, S&B Group is ideally positioned to benefit from the huge potential of the attractive off‐price fashion market. I look forward to working together with Daniel and the whole S&B team to continue the successful transformation of the company.”