Zalando successfully completed talks with J.P. Morgan Asset
Management and Quadrant Capital Advisors, Inc. 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. "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 world-class fulfillment
resources and dedication to superior customer service should enable
the company to expand upon its leading market position."
"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 eCommerce company was founded in 2008 and has been
growing rapidly ever since. In 2011, Zalando's net turnover reached
510 million euros. So far, the company has created over 1,000 jobs
in Berlin and the Brandenburg area. In addition, 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.