Frontline Receives Venture Capital Financing from Acton Capital Partners
Published On June 16, 2010 |
Frontline GmbH, a Hamburg, Germany-based online streetwear retailer, has received a venture capital financing of undisclosed amount from Acton Capital Partners.
With the investment, Acton has taken a minority stake in the company.
Founded by Torsten Lange as a mail-order service for the audio recording industry, Frontline moved over to fashion in 1984 and today sells clothing, shoes and accessories on the Internet through www.frontlineshop.com.
The site represents a significant sales channel for over 350 fashion brands including adidas Originals, carhatt, Levis, and Nike.
The company currently employs over 70 people and has an annual turnover of more than €30m.