Fashion Tycoon is involved in online retailer Zalando

Cheap Chanel Bag Bought danish store magnate Anders Holch Povlsen fashion: 10 percent more online retailer Zalando mode Europe remains a increase in the development of electronic commerce. Fashion retailers are increasingly looking to grow in online shopping as more consumers buy clothes from home. Hennes & Mauritz (H & M) has online sales in the United States since the beginning of this month. Zalando said in a statement that Povlsen, which belongs to the group known for best-shops such as Jack & Jones and Vero Moda, had bought shares of leading investors such as the European Founders Fund (EFF) and Holtzbrinck Tengelmann, all of whom have interests in the Company held founded in 2008. A spokesman Zalando refused to pay the price of Povlsen, the Forbes worth $ 2500000000 (1620000000 £), the owner also give estimated 28 per cent of British rival ASOS Zalando. "Unlike Holch Povlsen is a strong and long-term oriented, and all shareholders, we want the future of e-commerce design mode," Rubin Ritter, CEO of Zalando, said in a statement. Speculation has mounted that Zalando could soon see them on the stock market, although the founder of the company, based in Berlin said they want to focus first on achieving profitability in key markets. Discount Louis Vuitton Zalando has his lead to ASOS largest online mode of Europe, the expansion of clothes and shoes for sale now extends more than 1,000 brands. Its turnover has doubled to 1.2 billion euros ($ 1.6 billion) 2012. In a separate statement, said Rocket Internet, the venture capital firm behind Zalando, he had transferred his interest in the company to the Swedish investment company Kinnevik EFF and Access Industries. Kinnevik and EFF had previously occupied a portion or all of their shares indirectly via internet rocket. Kinnevik now owns 37 percent, the EFF has 18 percent, while the distribution Tengelmann cut its stake to 6 percent and 7 percent over the German venture capital company Holtzbrinck 8 percent from 11 percent, as they sold shares Povlsen. Kinnevik, which has increased its exposure to e-commerce, bought last year, an additional 10 percent of Zalando at a price that valued the company at € 2.8 billion. Zalando has too much money on advertising to increase brand awareness strategy mirrors Amazon, and it also offers free return policy, but expensive in all Discount Gucci markets.