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.