J.P. Morgan to invest in Brazilian Dafiti
By FashionUnited
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Dafiti,
J.P. Morgan Asset Management will take a stake in Dafiti through a German holding company in an all cash-for-equity investment, summed up Reuters.
"We see this investment as a strong vote of confidence in our vision as well as our business," said Dafiti co-founder Philipp Povel.
"This investment will allow us to strengthen our portfolio of products, offering our customers even more brand and product choices; amass more inventory, making delivery of our products faster and more efficient; and finally, expand our presence in other countries in Latin America, namely Mexico, Argentina, Chile and Colombia," Povel stressed.
Dafiti
j.p morgan
JP Morgan