Investing in Lamoda
04.09.2012 2841

Investing in Lamoda

New investments will help the Russian online store to expand operational capabilities

JP Morgan Asset Management invested in the Russian online store Lamoda, in return receiving a share in it. The transaction amount and the size of the share are not disclosed. The stake was acquired through a German holding.

Lamoda online store was launched 1,5 years ago. Today, its assortment includes 500 thousand items of clothing, shoes and accessories, the store sells products of 700 brands. Lamoda Online Store was launched with the support of Rocket Internet, the European incubator of Internet startups, and is run by four project founders - Dominik Picker, Florian Jansen, Burkhard Binder and Niels Tonsen.

“The attracted investments underline our leading position in one of the fastest growing markets in the world,” said N. Tonzen, whose words were quoted in the message. - This will allow us to further expand both the portfolio of products and brands, as well as our presence in other emerging markets - in Ukraine, Kazakhstan, Azerbaijan and Belarus. We will continue to improve our processing, order fulfillment and delivery, and will strive to improve the online shopping experience for our customers. ”

“We believe Lamoda is currently in an ideal position to capture and capitalize on the rapid growth of the Russian and related markets. Our investment will help the company expand its operational capabilities and customer service resources, ”said Robert Kuzin, Portfolio Manager at JP Morgan Asset Management.

JP Morgan Asset Management controls $ 2 trillion worth of assets, and also manages $ 1,3 trillion worth of assets (as of June 30 on 2012). The parent company of JP Morgan Asset Management is JPMorgan Chase Co., according to finmarket.ru.

New investments will help the Russian online store expand its operational capabilities JP Morgan Asset Management invested in the Russian online store Lamoda, in return receiving a share in it. Amount ...
5
1
Rating

Latest News

Fashion house Schiaparelli has released sneakers with socks in the shape of golden toes

For the first time in its history, the fashion brand Schiaparelli, revived in 2013, released sneakers. The shoe model corresponds to the style of the most surreal brand in world fashion. Schiaparelli creative director Daniel Roseberry,…
22.04.2024 176

Brunello Cucinelli increased revenue in the first quarter by 16,5%

With LVMH recently reporting a 2024% drop in revenue for the first quarter of 2 due to overall stagnation in the luxury market, Italian fashion house Brunello Cucinelli has bucked the trend. IN…
18.04.2024 321

Lamoda launches its own clothing and footwear brand

Russian online retailer Lamoda presented the first collection of its own women's clothing brand NUME. Exclusively on the Lamoda online platform under the NUME brand, about 90 items for women’s wardrobe are offered -…
18.04.2024 370

Shoe and clothing brands have released special collections for the 20th anniversary of the ST-JAMES boutique

The multi-brand boutique ST-JAMES, managed by a major player in the Russian fashion market, the Jamilco company, celebrates its 20th anniversary this year. A number of shoe and clothing brands represented in the boutique have prepared special…
18.04.2024 348

Balenciaga has released a new release of oversized 10XL sneakers

Fashion house Balenciaga debuted the 10XL sneaker during its fall 2024 runway show in Los Angeles back in December. At the time of the show, the first two color schemes of the new model were available for pre-order, which deliberately surprised...
17.04.2024 462
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning