Raising its outlook for the full year, Global Fashion Group (GFG) said that it expects to exceed the adjusted EBITDA guidance set in March of negative 25 to 45 million euros to negative 16 to 28 million euros. The company said in a release that the positive outlook is primarily driven by operational efficiency efforts which have improved overall...
18 Oct 2024
In the fourth quarter, Global Fashion Group (GFG) delivered a net merchandise value (NMV) of 369 million euros, a 14 percent decrease due to the continued subdued consumer demand environment. Revenue decreased 16.8 percent to 243.1 million euros. Full year NMV was down 14.2 percent to 1,279.3 million euros and revenue was down 18 percent to 838...
6 Mar 2024
Global Fashion Group (GFG) reported preliminary results for the full year 2023 with a 14 percent decrease in net merchandise value (NMV) on a constant currency basis to 1.3 billion euros. The company said in a release that the result is above GFG’s latest guidance of a 16-18 percent decrease, primarily due to better than expected performance in...
29 Jan 2024
Asia’s online fashion destination Zalora has revealed its forecasts for Southeast Asia’s retail landscape going into 2022. The company hosted a virtual trend seminar alongside the release of its Trender 2021 report, outlining key technology shifts and consumer developments it has spotted over the past year that could influence the landscape in...
10 Dec 2021
Michael Kors has launched on Zalora, Asia’s online fashion and lifestyle destination. The partnership arrives with the debut of Karlie, a new satchel debuting as part of the Michael Kors Fall ‘21 collection. “We strive to deliver the best of brands to our customers, and Michael Kors is an exciting addition to our Luxury category,” said Mariella...
28 Oct 2021
Dependable, everyday wear for the entire household at affordable prices SINGAPORE, 23 SEPTEMBER 2021 -- ZALORA, Asia’s fashion and lifestyle destination is proud to announce the launch of American heritage brand, Old Navy. Well-loved for its commitment to the democracy of style, Old Navy offers a range of trend-led apparel and accessories that...
23 Sept 2021
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...
23 Apr 2021
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...
1 Mar 2021
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...
18 Nov 2020
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...
9 Oct 2020
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...
20 Aug 2020
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...
18 May 2020