JP Morgan news and archive

Fresha secures 31 million US dollars in financing

London-based Fresha, the marketplace platform for beauty and wellness, has secured a 31 million US dollar venture debt facility from J.P. Morgan to accelerate its expansion into new markets and invest in machine learning and AI-powered robotics. Fresha offers subscription-free business software with embedded payment processing and a consumer...

Business

LVMH appoints advisors, reports say, as it considers sale of Marc Jacobs

LVMH and Marc Jacobs are once again gracing the headlines this week, with speculation swirling around the potential sale of the New York-based brand. Despite efforts to quash rumors, whispers of a possible transaction persist, keeping industry observers on the edge of their seats. Last week, Bloomberg stirred the pot by reporting that LVMH, the...

Business

JP Morgan increases stake in Inditex

The investment bank JP Morgan has raised its stake in Inditex to 3 percent. According to reports by Europa Press, the US investment bank’s stake in the Spanish retail group now represents 3.197 percent of the total capital and is valued at 3.4 billion euros (2.4 billion pounds). JP Morgan first acquired a stake in Inditex in 2012. At the time,...

Business

Tesco's financial black hole could be bigger than expected

The black hole in Tesco's profits could be larger than predicted, warns analysts at JP Morgan. The profit from Tesco's UK subsidiaries over the last financial year was 319 million pounds less than the company reported itself in the UK, according to an analysis of accounts at Companies House by JP Morgan. The retailer has already revealed that...

Design

Office's owner taps advisers to explore 300 million pound sale or float

Changes are rumored to around the corner for high street footwear retailer Office,as the shoe chain may see itself in the hands of a new owner, or enjoying a stock market debut as early as next year. According to the Telegraph, Silverfleet Capital, private equity firm and parent company of Office, have appointed investment bank JP Morgan to...

Design

Zalando potentially preparing for Europe's largest internet float

Zalando has reportedly enlisted the aid of three banks to advise it on what it rumored to become Europe's largest internet float since 2000. The German online fashion company is thought to have approached Goldman Sachs, JP Morgan and Morgan Stanley to give advice on its potential offering, but has yet to formally nominate them. The Sunday Times...

Design

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...