MOSVELDTT, led by partner Jerry S. Coloma III, assisted the Ayala Group in acquiring 49% of the shares of BF Jade E-Services, the entity behind the online fashion shopping website Zalora Philippines.
“This investment demonstrates how we, at Ayala, look at innovation and growth opportunities. We see the potential of e-commerce in the country, and believe that the Ayala group can benefit and add tremendous value to Zalora. With resources in banking, real estate and telecommunications, the investment presents new opportunities for Ayala to generate synergies throughout the e-commerce value chain,” Ayala CEO and Chair Jaime Augusto Zobel de Ayala said.
The transaction welcomes the Ayala Group into the industry of e-commerce.
The Zalora brand has presence in various countries in Asia, and is considered as Asia’s Leading Fashion Destination.