JP Morgan Sinks $45M Into Brazilian Online Fashion Vendor

Law360, New York (August 21, 2012, 8:58 PM EDT) -- Brazilian e-commerce and fashion giant Dafiti said Tuesday that J.P. Morgan Asset Management would drop $45 million to take a stake in the online retailer through a German holding company in an all cash-for-equity deal.

Dafiti is a multilabel online fashion merchant that focuses on apparel, accessories, shoes, beauty products along with home & decor, according to the company. Co-founder Philipp Povel said the company sees the investment as a powerful vote of confidence in their business and ideas for the future.

"This investment will allow...
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