J. P. Morgan invests $45 million in Brazilian e-retailer Dafiti

Dafiti BR, a Brazilian web-only apparel and shoe retailer, said today that J.P. Morgan Asset Management will invest $45 million ($90 million in Brazilian Reais) in the company. J.P. Morgan Asset Management will take a stake in Dafiti through a German holding company in a cash-for-equity investment.

J. P. Morgan invests $45 million in Brazilian e-retailer Dafiti