17 August 2012 09:58

J.P. Morgan Asset Management and Quadrant Capital Advisors pool investment

JP Morgan Mid

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.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
18 Dec
VELO
Gennemgang og analyse af Veloxis' søgsmålJeg har brugt min aften på at "hygge" mig med Veloxis netop..
65
14 Dec
GEN
Genmab kom sent fredag med en fondbørsmeddelse om en milestone på $3 milloner vedrørende deres DuoBo..
30
18 Dec
VWS
Normal 0 21 false false false DA X-NONE X-NONE ..
29
00:14
 
Det er meget velbeskrevet i talrige bøger og artikler, at tilstandene i store dele af verden udenfor..
28
18 Dec
GEN
Med FDA´s godkendelse af Amgens (Micromet) godkendelse af Blincyto (blinatumomab), fik vi for alvor ..
26
18 Dec
PNDORA
Nu har jeg købt og solgt aktier i 8 år og var os her på debatten for 4-5 år siden men har glemt mit ..
24
14 Dec
VWS
Lomborg ved udmærket godt han er på gyngende grund, i mange af hans påstande.   Den værste er, når h..
17
18 Dec
 
  Jeg er gratist, jeg læser med på EI uden at skrive. Det er sjældent, man kan få gratis lunch; men ..
13
14 Dec
MAERSK-B
Husk nu at en produktions nedgang på små 500000 tønder om dagen kan få prisen til at stige markant m..
12
15 Dec
GEN
Genmab har afholdt bestyrelsesmøde og valgt at give bestyrelse, direktion og ledende medarbejdere op..
11

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
MHI Vestas Offshore Wind has received a 258 MW order in the UK
2
Progressive Announces Annual Dividend Information
3
Hexis Appoints EMEA Executives to Oversee HawkEye and NetBeat Product Lines; Strategic New Hires Help Define Sales Approach and Foster Growth
4
EMGS - Disclosure of large shareholding
5
PIEDMONT OFFICE REALTY TRUST TO REPORT FOURTH QUARTER AND ANNUAL 2014 FINANCIAL RESULTS

Copyright Euroinvestor A/S 2014   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
20 December 2014 12:53:06
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20141211.1 - EUROWEB7 - 2014-12-20 13:53:06 - 2014-12-20 12:53:06 - 1000 - Website: OKAY