GFG news and archive

GFG names new chief financial officer

Global Fashion Group (GFG), which owns e-commerce platforms The Iconic, Zalora and Dafiti, is continuing its executive team transformation by naming Helen Hickman as its new chief financial officer. Hickman is currently director of group finance and has been with GFG for more than seven years. She will succeed Matthew Price as chief financial...

BusinessFeatured

Global Fashion Group announces leadership transition

Global Fashion Group (GFG), which owns e-commerce platforms The Iconic, Zalora and Dafiti, has announced a new "leadership transition" as part of the group’s "next phase of development". Effective from March 1, Christoph Barchewitz will become the sole chief executive of GFG, as Patrick Schmidt steps down as co-chief executive, after five years...

Fashion

Global Fashion Group goes carbon neutral

Online fashion retailer Global Fashion Group (GFG) has announced it has gone carbon neutral across its operations and outbound deliveries. The company said it achieved this by offsetting the emissions it generates by purchasing carbon credits from certified renewable energy projects located in China, India and Brazil where its operations and...

BusinessFeatured

Global Fashion Group Q1 GMV improves 13.1 percent

Global Fashion Group S.A. (GFG), for the three-month period ended March 31, 2020, reported net merchandise value (NMV) increase of 13.1 percent on a constant currency basis to 372.1 million euros (402 million dollars). The company said in a statement that revenue growth for the quarter was 8.1 percent on a constant currency basis reflecting a...

Fashion

Global Fashion Group withdraws outlook for 2020

Global Fashion Group S.A. (GFG) has said in a statement that after trading in line with expectations until mid-March, GFG has seen a significant negative impact on customer demand across all 17 countries of operations. Therefore, the company is withdrawing its financial guidance for the current year, which excluded the negative effect of...

Business

Global Fashion Group postpones IPO

Fashion e-tailer Global Fashion Group (GFG) has postponed its planned initial public offering (IPO) until July. The offer period for the IPO, which was planned to end 25 June, has now been set for 28 June, while the company’s shares, which were expected to start trading on 27, will now start trading on 2 July. The company, which operates...

Business

Global Fashion Group announces price range for IPO

Global Fashion Group (GFG) has set the price range for its planned initial public offering (IPO) at 6 euros to 8 euros per share as the global fashion e-tailer prepares to float on the Frankfurt Stock Exchange. The offer period is expected to commence on 18 June and to expire on 25 June, while trading in the company’s shares on the regulated...

BusinessFeatured

Global Fashion Group prepares IPO

Fashion e-tailer Global Fashion Group (GFG) has announced its intention to conduct an IPO and a listing of its shares on the Frankfurt Stock Exchange. The company, which operates e-commerce platforms The Iconic, Zalora, Dafiti and Lamoda, said it intends to raise approximately 300 million euros in the planned offering, and will use the money to...

Business

Jabong is now a part of Global Fashion Group

Leading Indian fashion portal Jabong is now a part of a new holding firm called Global Fashion Group (GFG), along with four other online fashion startups backed by tech incubator cum investor Rocket Internet and Swedish investment firm Investment AB Kinnevik. The group has roped in Romain Voog, former head of Amazon France as its first Chief...