Global Fashion Group prepares for float

Global Fashion Group website

Global Fashion Group has announced its intention to conduct an initial public offering ahead of listing its shares on the Frankfurt Stock Exchange.

The fashion etailer said its planned offering would only include newly issued shares and said the float would allow it to invest more in growing.

It plans to raise around €300m through the IPO, the net proceeds of which it plans to invest in “the technology platform, customer acquisition, and fulfilment and delivery infrastructure, including automation” as well as “general corporate purposes”.

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