Global Fashion Group news and archive

Global Fashion Group improves profitability in Q3

Global Fashion Group (GFG) reported net merchandise value growth of 22.7 percent year on year on a constant currency and 9.2 percent in absolute euro terms to 289.5 million euros, and improved profitability by 4.6 percentage points in the third quarter ended September 30, 2018. Group revenue (which includes only commission earned on marketplace...

Report

Global Fashion Group names Erica Berchtold as new CEO of The Iconic

Global Fashion Group (GFG), has appointed Erica Berchtold as Chief Executive Officer of The Iconic. Berchtold, the company said will join in February 2019 and take over from Patrick Schmidt, who has served as CEO since 2013. Schmidt, the company added, took on the role of Co-CEO of Global Fashion Group in February 2018 and will also become...

Report

Global Fashion Group's Q2 net revenues rise by 21.1 percent

Global Fashion Group (GFG) has said that that second quarter group net revenue was 297.8 million euros (346.5 million dollars), representing constant currency growth of 21.1 percent or 5.6 percent growth in absolute euro terms. NMV, which includes marketplace sales, the company added, was 314.1 million euros (365.5 million dollars), growing 23.5...

Report

Q1 net revenue rises 17.6 percent at Global Fashion Group

Global Fashion Group (GFG), in its first quarter results statement said that group net revenue was 236.9 million euros (275.4 million dollars), representing constant currency pro forma growth of 17.6 percent, translating into 3.6 percent growth in euro terms. NMV, which includes marketplace sales, was 247 million euros (287 million dollars),...

Management

Global Fashion Group: Full year net revenue rise 19.9 percent

Global Fashion Group (GFG) said in a statement that net revenue for the fourth quarter was 328 million euros (403.6 million dollars), while full year net revenue was 1,095 million euros (1,347.6 million dollars), representing 22.7 percent growth in constant currency for the quarter and 19.9 percent for the full year respectively. NMV, which...

ManagementFeatured

Patrick Schmidt and Christoph Barchewitz named Co-CEOs of GFG

Global Fashion Group’s (GFG) board of directors has appointed Patrick Schmidt and Christoph Barchewitz as Co-Chief Executive Officers effective February 1, 2018, replacing Romain Voog, who has stepped down from the position. The company said, the Co-CEOs will be responsible for the overall strategic and operational development of GFG and work...

Management

Global Fashion Group's Q3 net revenues rise 21 percent

Global Fashion Group (GFG) reported stable net revenue and net merchandise value (NMV) growth in the third quarter. The company’s net revenue for the quarter was 256.4 million euros (305 million dollars), a 21.1 percent growth on a constant currency pro-forma basis. The company added that exchange rates impacted the group, reducing growth on an...

ManagementFeatured

Global Fashion Group's Q2 sales increase 25.6 percent

Global Fashion Group (GFG) reported net revenue for the second quarter was 281.9 million euros (340 million dollars) representing growth of 25.6 percent on a euro basis and 16 percent on a constant currency pro-forma basis. NMV, which includes marketplace sales, reached 292.1million euros (352 million dollars), increasing 29.3 percent on a euro...

Management

GFG Q1 NMV grows 35.2 percent, revenues up 34.7 percent

In the first quarter, Global Fashion Group (GFG) delivered net merchandise value (NMV) of 271.7 million euros (303 million dollars) representing a growth of 35.2 percent in euro terms and 16.9 percent on a constant currency and pro-forma basis. The Adjusted EBITDA margin showed a year-over-year improvement of 11.1 percentage points to reach an...

Management

Global Fashion Group revenues up 26.4 percent, cross 1 bn euro mark

Global Fashion Group (GFG) delivered net merchandise value (NMV) in excess of 1 billion euros (1.06 billion dollars) representing a growth of 30.3 percent on a constant currency and pro-forma basis. The company also achieved an improvement in profitability compared to 2015 of 14.4 percentage points to reach an adjusted EBITDA margin of 12.5...

Management

Global Fashion Group posts 16 percent revenue growth in Q3

Global Fashion Group (GFG) said that the operating momentum was strong in the third quarter with improving margins across all regions. GFG said, third quarter net revenue grew 16 percent on a constant currency pro-forma basis to 250 million euros (265 million dollars), despite continued macroeconomic challenges in Dafiti, Lamoda and Namshi,...

Report

Global Fashion Group posts 47.5 percent rise in H1 revenue

Global Fashion Group (GFG) has announced that for the first six months of 2016, net revenue grew 47.5 percent on a constant currency basis to 456 million euros (512 million dollars). Net Merchandise Value (NMV), which includes marketplace sales, increased by 53.2 percent on a constant currency basis to 465 million euros (523 million dollars)....