Condé Nast Germany, a local subsidiary of US-based publisher Advance Publications, has acquired 26% of Monoqi, a Germany-based contemporary design start-up.
Simon Fabich and Felix Schlegel founded Monoqi in 2011.
Moritz von Laffert, president of Condé Nast Germany and vice president of Condé Nast International, said: “Within only a few months, Monoqi has established itself with a very independent positioning in the fast-growing e-commerce market for the home and interior sector.”
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