j.p morgan news and archive

J.P. Morgan to invest in Russian e-tailer

American investment bank J.P. Morgan Chase & Co. is to invest between 40 million dollars to 80 million dollars to acquire stakes in online fashion retailer Rocket Internet’s Russian arm Lamoda. Lamoda did not disclose the amount of this investment, nor its valuation. Despite the final amount has not been dislosed, people close to the operation...

Fashion

J.P. Morgan to invest in Brazilian Dafiti

Brazilian online fashion retailer Dafiti said on Tuesday that it would receive $45 million from J.P. Morgan Asset Management in a cash-for-equity deal. The investment would be designated to expand into beauty and homeware. Dafiti, Brazil’s answer to Amazon.com Inc’s popular Zappos.com online shoe and fashion store, says it will use the cash to...