billionaire Holch Povlsen to Zalando's Fashion Wallet

Unlike Holch Povlsen, the owner of the Danish fashion company Bestseller A / S, is buying a stake in the Zalando GmbH by an investment portfolio that rivals it contains the German online clothing store Asos Plc. (ASC) cheap chanel bag The billionaire buys 10 percent Zalando in Berlin by the shareholders, including the European Founders Fund and Holtzbrinck Tengelmann, all in the company, which was founded in 2008, based among the first investors, according to a statement released today 'Today. Zalando all shareholders sell shares retain an interest in the future. Holch Povlsen is the third largest shareholder in the company, which was founded by David Schneider and Robert Gentz, with the support of his Samwers. Zalando, the clothes from brands like Michael Kors (KORS) and Patrizia Pepe sold, was regularly presented by the media as a candidate for an IPO, although it is not yet profitable. discount Louis Vuitton bag The investment is "strategic to a certain degree, because bestseller has experience in the field and it seems they are an investor who is here for the long term," said Christian Schulze, Assistant Professor of Marketing at the University of Frankfurt, Finance and Management . Best seller already owns about 27 percent of Asos, the largest online retailer of fashion only in the UK, in June rose by 45 percent of retail sales in the third quarter. The Danish company first revealed he held shares of Asos in May 2010, and since then the stock has increased cheap hermes bag by more than sevenfold.