Home / Knowledge / News / Apparel/Garments / Canadian pension fund picks 2% stake in retailer Zalando
Canadian pension fund picks 2% stake in retailer Zalando
03
Oct '13
The leading global investment firm Ontario Teachers’ Pension Plan (OTPP) is joining Zalando’s shareholder circle. OTPP is the largest single-profession pension plan in Canada, providing long-term investment for Ontario’s teachers.

Through a capital increase, the fund secured around 2 percent of the shares in Zalando. Further capital increases of up to 2 percent of the shares in Zalando may follow as part of this financing round, led by OTPP.

Managing director Rubin Ritter comments: “We are very happy to welcome OTPP on board as a very strong long-term investor. We all share a very positive common vision of the online fashion business and want to further strengthen our position as the market leader in European fashion ecommerce. To continue to build this position and our growth, it is a significant strategic advantage to be well equipped with capital.”

In August, Zalando announced Anders Holch Povlsen, the owner of BESTSELLER, as a new investor, acquiring 10 percent of the shares in Zalando, thereby becoming the company’s third largest investor following Investment AB Kinnevik with 36.5 percent and European Founders Fund with 17 percent.

The German Federal Cartel Office has now cleared this transaction. Anders Holch Povlsen also participated in today’s capital increase pro-rata, keeping his share in Zalando constant at 10 percent.

About Zalando

Zalando is Europe’s leading online retailer for shoes and fashion. Its extensive selection for women, men and children ranges from popular high street brands to much sought-after designer labels from over 1,500 different international brands. Exclusive accessories, beauty essentials and sportswear make up Zalando’s wide range of products.

Zalando

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search