The Museo de la Moda, founded in 1999, opened in 2007, and directed by Chile's first textile industry scion Jorge Yarur Bascuñán, is one of the world's most important but least-known museums of its kind, housing exquisite garments from nineteenth-century Dolman shawls to twenty-first-century sequin dresses by Balmain.Įdited by Kate Moss with text contributions from fashion curator Lydia Kamitsis, this volume features a stylish selection of one hundred archival pieces from the museum, each charting different fashion trends that have inspired Moss's personal sartorial style. International fashion icon Kate Moss and the premier South American fashion museum Museo de la Moda meet in this undeniably stylish volume that celebrates iconic vintage fashion moments throughout history. Morgan Asset Management portfolio manager Robert Cousin said in a statement.Musings on Fashion and Style - Museo de la Moda - edited by Kate Moss Our investment will help the company expand its operational capabilities and customer service resources,” J.P. “We believe Lamoda is in an excellent position to capture the rapid growth of Russia and its adjacent markets. We will continue to streamline our fulfillment and delivery processes and to enhance the online shopping experience for our customers,” he added.įor its part KupiVIP raised $38 million in June and Ozon raised $100 million in September 2011. “It will allow us to further expand our product and brand portfolio as well as our presence in other emerging markets such as Ukraine, Kazakhstan, Azerbaijan and Belarus. (Other founders include Dominik Picker, Florian Jansen and Burkhard Binder.) Lamoda plans to use the investment to expand outside of Russia - an essential move at a time when others (like KupiVIP) are looking to do the same: “The investment underlines our leading position in one of the world’s fastest growing markets,” said Lamoda co-founder Niels Tonsen in a statement. Like Russian homegrown sites KupiVIP and Ozon, Lamoda has also invested a lot in building out its own logistics infrastructure - an essential in a market where the postal service and couriers can be costly and unreliable, and many still pay for internet goods with cash on demand. Lamoda was founded in 2010, and currently offers some 500,000 products from some 700 mainstream international brands like Nike, Guess, Levi’s and Iceberg. Previous investors in the company, in addition to Rocket Internet, Ab Kinnevik, Holtzbrinck Ventures and Tengelmann - all regular Rocket co-investors. Such was the case with CityDeal, eventually sold to Groupon and now the basis of its European operation.īut to the present: Today, a spokesperson tells me that JP Morgan’s cash-for-equity deal was made via Lamoda’s German holding company. counterparts as they look for rapid global expansion. businesses, and in some cases selling on those businesses to the U.S. The Samwer brothers have build a large business out of creating international versions of U.S. Some of the problems detailed in that letter included the wrong approach to marketing and business reporting. Samwer also noted that because of those mistakes, the founders “lost 50% of their equity” and had “no salary for 6 months.”Įarlier this month, JP Morgan also invested $45 million in another Rocket Internet venture in another developing market, Dafiti, another Zappos-style operation, this time in Brazil. In this case we are left equally in the dark about the financial terms - and crucially whether Rocket has managed to turn any of those past issues around. (Witness the fact that investment and other figures and wider business strategies are rarely, if ever, revealed.) Calling the new, aggressive strategy a “blitzkrieg”, it was a revealing and damaging email for a company that likes to play its cards close to its chest. Lamoda, you might recall, played an infamous part in an embarrassing email last year from Oliver Samwer, one of the founders of Rocket Internet: in a letter to employees, he made detailed references to the mistakes Lamoda had made, as a cautionary tale for those not to be repeated in other markets. The news was announced by Lamoda itself, although the terms of the investment are only being reported by third parties. ![]() in Russia, a site with 5 million unique users and 500,000 “loyal customers,” is apparently raising between $40 million and $80 million from the bank. ![]() Less than a month after JP Morgan put investments into two Rocket Internet-backed fashion sites modelled on Zappos - an undisclosed investment in Zalando and $45 million in Brazil’s Dafiti, the bank is taking an equity stake in a third Rocket Internet fashion business.
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