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October 2, 2012 05:31 pm GMT
E-commerce, by its very nature, is an online business, but you can't always get away from the expense of bricks 'n' mortar entirely. And so it is that the Samwer brothers' Zalando, which originally launched as a Zappos clone but has since expanded from shoes into general fashion, has announced that it's secured long-term debt financing of 40.7 million (approx. $52.6m), from Commerzbank, Sparkasse Mittelthringen and KfW Bankengruppe. The new capital will be used to fund parts of the "interior fittings" of its new logistics centre as the company continues to gun for scale.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_3J3WiX7nBM/
Samwer Zappos Clone Zalando Takes On A Hefty 40.7 Million In Debt Financing
E-commerce, by its very nature, is an online business, but you can't always get away from the expense of bricks 'n' mortar entirely. And so it is that the Samwer brothers' Zalando, which originally launched as a Zappos clone but has since expanded from shoes into general fashion, has announced that it's secured long-term debt financing of 40.7 million (approx. $52.6m), from Commerzbank, Sparkasse Mittelthringen and KfW Bankengruppe. The new capital will be used to fund parts of the "interior fittings" of its new logistics centre as the company continues to gun for scale.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_3J3WiX7nBM/
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