J.P. Morgan Asset Management and Quadrant Capital Advisors to Invest in Zalando
Poster: SySAdmin
Posted on August 16, 2012 at 5:14:01 AM
J.P. Morgan Asset Management and Quadrant Capital Advisors to Invest in Zalando
BERLIN, August 16, 2012/PRNewswire/ --
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.
Contact
Kristin Dolgner
PR & Communications
Tel.: +49(0)30-2000-88-585
Fax: +49(0)30-27-59-46-93
E-Mail: kristin.dolgner@zalando.de
Source: Zalando GmbH
BERLIN, August 16, 2012/PRNewswire/ --
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.
Contact
Kristin Dolgner
PR & Communications
Tel.: +49(0)30-2000-88-585
Fax: +49(0)30-27-59-46-93
E-Mail: kristin.dolgner@zalando.de
Source: Zalando GmbH