Global Fashion Group losses continue to narrow as sales rise
Global Fashion Group (GFG) posted an increase in sales during a “strong” third quarter.
The online fashion retailer registered 18.7% sales growth during the three months to the end of September. The fashion platform’s adjusted EBITDA fell 2.8%, narrowing its losses by 3.1 percentage points year on year.
GFC owns ecommerce sites The Iconic, Zalora, Dafiti and Lamoda across Latin America, Asia Pacific and the CIS region, and specialises in modest wear.
During the period GFG launched its first sustainable own brand, AERE.
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