Zalando has announced that Christian Baier and Jan Wilmking, both managing directors of zLabels, will be leaving the company. zLabels, the e-tailer's nine-year-old private label division, was closed on April 1, although the company has indicated that it will continue to offer “everyday essential” clothing and footwear products under 11 private brands to cover “white spots” that it cannot cover with new branded products. Some of the division's 550 employees will be transferred to other departments for similar tasks. Baier has been with Zalando since 2012, when he was appointed managing director of zLabels. Wilmking joined Zalando in 2013 as senior vice-president of private brands. Zalando posted revenues of €5.4 billion in 2018, representing a 20 percent increase from 2017. Meanwhile, Cristina Stenbeck, who is a major indirect shareholder in Zalando through her controlling share in Kinnevik, is due to chair again the supervisory board of the German e-tailer on its supervisory, replacing Lothar Lanz. She already held the post from 2014 to 2016.