Ontario Teachers' fund invests in online retailer Zalando - Reuters
Ontario Teachers' Pension Plan (OTPP) has bought a 2 percent stake in Europe's biggest online fashion retailer Zalando, continuing a push into e-commerce investment for the fund. Berlin-based Zalando, which has brought on board several new investors over the last year as it seeks to fund expansion, said on Wednesday OTPP took the stake as part of a 4 percent capital increase at the group. The company's other investors include Swedish investment firm Kinnevik, which owned a 37 percent stake before Wednesday's news, early investors European Founders Fund, retail group Tengelmann and German venture capital firm Holtzbrinck.
4 October 2013•2 mins read
