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Zalando's other investors include Swedish investment firm Kinnevik, which owned a 37 percent stake before Wednesday's news, early investors European Founders Fund, retail group Tengelmann and German venture capital firm Holtzbrinck.
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Their appearance should not be surprising: when companies run into trouble, investors such as these often see the opportunity for rich pickings. That is not so say that the Co-op is a carcass, but it is a business that needs reviving: it has to find the £1.5bn the Bank of England has deemed necessary to plug a capital shortfall.
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It is unclear what form Twitter's standalone direct messaging app could take, but it is likely that it will target mobile users. Facebook already offers a standalone application called Messenger for iOS and Android, which fuses Facebook's private messaging function with technology from Beluga, a startup it bought back in 2011.
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Sources tell us James is planning a smaller wedding than what would normally be expected of an NBA All-Starâ?s nuptials. â?He cut the list down because he didnâ?t want to have 1,000 people at the wedding,â? said one source. Itâ?s also likely to be smaller because it will take place during the Jewish day of atonement, Yom Kippur. But the guest list will still number in the hundreds, weâ?re told.
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Reports out of L.A. said that Time Warner Cable and Howard have had â?preliminaryâ? talks about Howard having his own TV show. The cable giant is already a business partner with the Lakers, who signed a TV deal in 2012 that could be worth $5 billion over 25 years.