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Spartoo, a French onlineshoe retailer, has hired investment bank Jefferies to help itraise 100 million euros from a new investor as it seeks toexpand, sources familiar with the situation said. Jefferies and Spartoo, which one of the sources saidwas worth between 200 million and 250 million euros, could notimmediately be reached for comment. The unlisted company, which calls itself Europe's No. 1online shoe retailer, has said it is aiming to boost sales to100 million euros this year from 60 million euros last year. Founded in 2006 by Boris Saragaglia, in his late twenties,and two other recent graduates of French elite universities,Spartoo has sought to replicate the business model of Zappos,the U.S. online shoe retailer, which was eventually sold toAmazon.com for $1.1 billion. The name of the Grenoble, France-based company is anunlikely combination of the words Sparta (as in Spartan sandle)and the double-o featuring in such famous Internet names asGoogle and Yahoo. But the road to Internet riches may be tough for Spartoo,which faces competition from Zalando of Germany -- another"Zappos clone" -- as well as Amazon's Javari site, which sellsshoes and handbags in France and Great Britain. Existing investors in Spartoo include venture capital firmsHighland Capital Partners, Endeavor Vision as well as CMC-CICCapital Prive and Aplus Finance. (Reporting by Victoria Howley and Christian Plumb)

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