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.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.