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J.P. Morgan Asset Management, Quadrant Capital back online fashion retailer Zalando

16 Aug 2012

J.P. Morgan Asset Management and Quadrant Capital Advisors have invested in European online fashion retailer Zalando. Financial details were not disclosed.

The firms will join existing investors Rocket Internet, Holtzbrinck Ventures, Tengelmann Ventures, Investment Kinnevik and DST Global.

The Berlin-based e-commerce company was founded in 2008 and saw net turnover of €510m in 2011. Zalando is currently building a “state of the art” logistics centre in Erfurt to strengthen its European infrastructure and its online shop is currently live in twelve European markets, with Poland and Norway following soon.

“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.”

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