Zalando Headquarters in Berlin
20 Aug. 2012
NEW INVESTMENT FOR ZALANDOZalando has announced the new investment of J.P. Morgan Asset Management and Quadrant Capital Advisors, Inc. to support the future growth of the online fashion shop.
“Together with our shareholders we want to continue along this path,” stated Zalando Managing Director Rubin Ritter. “We will continue to invest in growth as well as building a solid company.”
“We are excited to partner with Zalando,” said Robert Cousin, Managing Director, J.P. Morgan
Asset Management. “The company has quickly established itself as a leading online fashion retailer in Europe. We are impressed with Zalando’s large, growing, and loyal customer base as well as the breadth of products offered on the company’s eCommerce platform. Zalando’s worldclass fulfillment resources and dedication to superior customer service should enable the company to expand upon its leading market position.”
As new Zalando investors, J.P. Morgan Asset Management and Quadrant Capital Advisors will be joining the likes of Rocket Internet, Holtzbrinck Ventures, Tengelmann Ventures, Investment AB Kinnevik and DST Global. The Berlin-based eCommerce company was founded in 2008, in 2011, Zalando’s net turnover reached 510 million euros. The online shop is currently live in twelve European markets, with Poland and Norway following soon.
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