Global Fashion Group expects to report strong Q2

Global Fashion Group (GFG) expects second quarter to be its second adjusted EBITDA-profitable and first cash flow-positive quarter, as a result of strong customer demand recovery since the end of April, and the company’s strategic response to the Covid-19 pandemic. According to the preliminary results, the company said in a statement, it expects net merchandise value (NMV) growth on a constant currency basis of above 20 percent for the quarter despite the negative Covid-19 impact in April, driven by more than two million new customers.