Global Fashion Group recorded its second quarter of growth this year, as the ecommerce shift in fashion and lifestyle shopping “continues to accelerate”.
The group, which operates fashion marketplaces such as The Iconic and Lamoda in emerging markets, expects to break even for the second quarter in a row with an adjusted EBITDA of €9.5m (£8.6m).
Sales in the quarter jumped 11.3% to €336.1m (£302.9m) and net merchandise value grew 22.8% year on year to €488.3m (£440.2m).
Please sign in now if you have a subscription or are already registered with us.
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:
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.