European shares fell from record levels amid shifting sentiment toward artificial intelligence and technology stocks.

Zalando SE is being investigated by Germany’s financial regulator after failing to note in its annual report that Danish billionaire and biggest shareholder Anders Holch Povlsen also held a stake in a company it bought last year.

David Schroeder, co-CEO of Zalando, joined the program from Berlin to address the company's current share price performance. Despite the stock trading below pre-pandemic highs, Schroeder conveyed a positive outlook for the quarter and emphasized efforts to revive investor enthusiasm. The discussion highlighted Zalando's strategic move to implement a share buyback program valued at up to €300 million as a key measure to support the stock and demonstrate confidence in the company's future growth prospects. This interview occurred on Thursday, March 12. (Source: Bloomberg)

German online fashion platform Zalando SE is preparing to announce its first deal with an American client soon, marking a break into the US market with the company’s business-to-business offerings.