Retailer Gets JPM Investment

JPMorgan Asset Management has agreed to invest $45m in Brazilian online fashion retailer Dafiti, Dafti says. The investor takes a minority stake in the company, with annual revenue in excess of $100m, as it seeks to grow its portfolio and inventory as well as its geographic reach. The 1.5-year-old company, which has about 1,500 employees in LatAm and operates in Brazil, Argentina, Chile, Mexico and Colombia, will look to expand its presence in Mexico, Argentina, Chile and Colombia, and also further develop its delivery systems. European incubator Rocket Internet also holds a significant stake in the company.