World Bank to become co-owner of Lamoda
12.07.2013 6360

World Bank to become co-owner of Lamoda

The International Finance Corporation (IFC) is ready to invest up to € 10 million in the Russian online store Lamoda and become another of its co-owners. The project is unprofitable, but this does not frighten investors - this year it was invested by $ 55 million by JP Morgan bank and $ 130 million by a consortium led by Access Industries Leonard Blavatnik, which became the largest transaction in the Russian online trading market.

At the end of last year, another € 10 million (about $ 13 million) was invested in the Russian online store by the French holding Kering (formerly called PPR). Thus, over the past year and a half, Lamoda has raised at least $ 198 million. Prior to this, venture capital market participants such as AB Kinnevik, Holtzbrinck Ventures, Tengelmann Group also supported the project.

According to Dmitry Alimov, managing partner of the Frontier Ventures fund, Lamoda's losses reach tens of millions of dollars. However, in this segment, all companies suffer big losses due to high competition and the cost of attracting new customers. Judging by how aggressive Lamoda is, the expert believes, the company wants to conquer the market more than focus on profit.

The Lamoda online store was launched by the German startup incubator Rocket Internet in 2011. The project unites 500 thousand goods of 720 brands. The monthly audience, according to comScore data as of April 2013, is almost 4,7 million unique users in Russia. Since 2012, the retailer has also been operating in Kazakhstan.

The International Finance Corporation (IFC) is ready to invest up to € 10 million in the Russian online store Lamoda and become another co-owner of it. The project is unprofitable, but this does not scare investors ...
5
1
Rating

Latest News

Saks Global will close nine stores as part of a strategic network optimization.

The luxury department store group, which filed for bankruptcy in January 2026, will close eight Saks Fifth Avenue stores and one Neiman Marcus store as part of a plan to restructure and streamline its network, writes…
13.02.2026 230

Parallel imports of Adidas have been banned in Russia.

Rosaccreditation has revoked at least 10 certificates of conformity for authentic sneakers and clothing from the German brand Adidas. Therefore, their sale in our multi-brand stores is now prohibited. Nike, Reebok, Puma, and others are next in line…
13.02.2026 390

Paul Andrew unveils a new take on luxury footwear

Paul Andrew, who stepped down as creative director of Sergio Rossi last month, is focusing on promoting his own brand. The designer unveiled the Paul Andrew Spring 2026 campaign, emphasizing footwear featuring…
13.02.2026 312

EKONIKA has released a polka-dotted spring capsule collection.

EKONIKA is delighting us with another exciting project. The brand has unveiled a new spring capsule collection of Moving Dots footwear and accessories. The capsule is dedicated to one of the most recognizable prints of the 50s and a key trend of the season—the graphic polka print.
12.02.2026 383

Companies in Europe will be banned from destroying clothing and footwear.

The European Commission has adopted new ecodesign measures that will ban large companies operating in the European Union from destroying unsold shoes and clothing from 19 July 2026, in a bid to curb the practice, which generates CO2 emissions annually, in…
11.02.2026 522
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning