ZALORA news and archive

Zalora releases inaugural sustainability report

Zalora has released its inaugural sustainability report highlighting the progress it has made on its sustainability strategy set out last year, which hinges around four key pillars: environmental footprint, sustainable consumption, ethical sourcing, and responsible workplace and community engagement. In the report, the fashion and lifestyle...

BusinessFeatured

Global Fashion Group turns profitable in 2020

Global Fashion Group S.A. (GFG) has announced its target of becoming a 10 billion euros NMV business in the next seven to nine years. In the fourth quarter, GFG delivered NMV of 594.5 million euros, up 28.9 percent driven by accelerated customer acquisition and a significant increase in orders across all markets. In fiscal 2020, GFG’s NMV...

Business

Global Fashion Group raises capital to accelerate its growth strategy

Global Fashion Group S.A. (GFG) has announced that the company has raised approximately 120 million euros in gross proceeds, via a placement of 16.5 million new shares at a price of 7.30 euros per share. The company said in a statement that GFG will use the additional capital to accelerate the execution of its mid-term strategy, particularly by...

Business

Global Fashion Group raises full year outlook after strong Q3

Global Fashion Group S.A. (GFG) has updated its outlook for the current financial year as a result of strong trading in Q3. The company said in a statement that it now expects to be profitable with respect to adjusted EBITDA and achieve constant currency net merchandise value (NMV) growth of around 23 percent, delivering 1.9 billion euros NMV...

Business

Global Fashion Group Q2 sales increase by 11.3 percent

Global Fashion Group S.A. (GFG) revenues increased 11.3 percent and net merchandise value (NMV) increased by 22.8 percent to 488.3 million euros for the second quarter. In euro terms, revenues dropped 1.8 percent to 336.1 million euros. The company said in a statement that marketplace NMV grew by 90 percent resulting in 31 percent share compared...

Fashion

Vestiaire Collective partners with Zalora in Asia

Zalora, Asia's online fashion brand part of the Global Fashion Group, has announced a partnership with pre-owned fashion platform, Vestiaire Collective to offer a sustainable fashion ecosystem in Asia. The partnership will allow Zalora’s Hong Kong customers to access over 5,000 of Vestiaire Collective’s authenticated pre-loved items across its...

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...

BusinessFeatured

Global Fashion Group achieves EBIDA break even, revenues up 17.7 percent

Global Fashion Group S.A. (GFG) ended 2019 with its first profitable quarter. The company said in a statement that the group delivered adjusted EBITDA of 0.7 million euros (0.78 million dollars). The company reported active customer growth of 17 percent to 13.1 million and orders were up by 20.3 percent to 10.3 million. Net merchandise value...

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...