BERLIN, AUGUST 16, 2012 // 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 yearfor 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 worldclass 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.
Zalando is Europe’s leading online retailer for shoes and fashion. Working with over 1,500 international brands, Zalando presents an extensive selection of products for women, men and children, ranging from popular high street brands to much sought-after designer labels. Exclusive accessories and sportswear make up Zalando’s wide range of products. A combination of unique services – free delivery and returns, a free service helpline and a 100 day returns policy – make online shopping at Zalando a convenient and secure online experience. The company was founded by Robert Gentz and David Schneider in 2008 and its headquarters are located in Berlin. Following its success in Germany, Zalando launched an Austrian site in 2009 and shops for the Netherlands and France followed in 2010. In 2011 Zalando expanded to Italy, the UK and to Switzerland. Since 2012 Zalando has also been available in Sweden, Belgium, Spain, Denmark, Finland, Poland, and Norway. Deliveries were extended to Luxembourg in 2013.
ABOUT J.P. MORGAN ASSET MANAGEMENT
J.P. Morgan Asset Management, with assets under supervision of approximately $2.0 trillion and assets under management of $1.3 trillion (as of June 30, 2012), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE: JPM), the parent company of J.P. Morgan Asset Management, is a leading global asset management firm with assets of approximately $2.1 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.