News

Former Zalando top manager Moritz Hahn joins Schustermann & Borenstein as Co-CEO

10 November 2020

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.”

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Nina Suter Head of Communications - Director +44 (0) 207 632 4037