Zalando gets globally established investorsThursday, 16 August 2012
Zalando successfully completed talks with J.P. Morgan Asset
Management and Quadrant Capital Advisors concerning an investment in the company to further support the future growth of Europe’s leading online fashion retailer.
“We’re pleased that we were able to secure such internationally established investors as J.P. Morgan Asset Management and Quadrant Capital Advisors. 2012 has been a very successful year for us so far. Together with our shareholders we want to continue along this path,” stated Zalando Managing Director Rubin Ritter.
“With innovation, operational excellence and a commitment to high customer satisfaction, Zalando has built a strong brand in a remarkably short period of time,” said Christopher Evison, Chief Investment Officer, Quadrant Capital Advisors.
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 e-commerce company was founded in 2008 and has been growing rapidly ever since. In 2011, Zalando’s net turnover reached 510 million euro’s (626.03 million dollars). Zalando is currently building a state of the art logistics centre in Erfurt to strengthen their European infrastructure. The online shop is currently live in twelve European markets, with Poland and Norway following soon.
Headquartered in Berlin, Zalando is an online retailer for shoes and fashion. Its extensive selection for women, men and children ranges from popular high street brands to much sought-after designer labels from over 1000 different international brands. It also offers exclusive accessories, beauty essentials and sportswear products. Following on from its success in the German market Zalando launched in Austria in 2009 and the Netherlands and France in 2010. Expansion to Italy, Great Britain and Switzerland followed in 2011. So far in 2012, Zalando has gone live in Sweden, Belgium, Spain, Denmark and Finland.
J.P. Morgan Asset Management, with assets under supervision of approximately 2 trillion dollars and assets under management of 1.3 trillion dollars (as of June 30, 2012), is a global investment management company. J.P. Morgan Asset Management’s clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co., the parent company of J.P. Morgan Asset Management, operates in more than 60 countries.