GFG

Retail Asia19/01/2018

Online fashion destination Global Fashion Group (GFG) has appointed co-CEOs, who will take up their roles on February 1. Patrick Schmidt and Christoph Barchewitz will be responsible for the overall strategic and working development of GFG, working with the management teams of GFG’s fully owned regional businesses Dafiti (Latin America), Lamoda (Russia/CIS), Zalora (Southeast Asia) […]

Retail Asia28/02/2017

Is Zalora Indonesia for sale? Fresh after selling off a chunk of the Philippines business, Rocket denies further Asian withdrawal. Last week, Ayala announced it will buy 43.3 per cent ownership in Zalora manager BF Jade E-Service Philippines for an undisclosed amount, taking its ownership to 49 per cent. The investment marks Ayala’s first foray […]

Retail Asia26/09/2016

The Lazada and Zalora parent is paring back its losses after divesting operations in two markets. With operating losses nearly halved and excluding disposals in India and Southeast Asia, Global Fashion Group (GFG) has reported a 36.3 per cent rise in net revenue. Backed by Rocket Internet and comprising online fashion retail businesses in emerging […]

Retail Asia06/05/2016

Investors have injected US$339 million lifeline into GFG, which owns the struggling Rocket Internet fashion websites. Rocket Internet and others have sunk the euro 300 million into its Global Fashion Group, raising GFG’s valuation to €1 billion – which is about a third of what it was worth hardly a year ago, when it raised […]

Retail Asia12/04/2016

Rocket Internet is selling its Zalora Thailand and Vietnam eCommerce fashion sites. This follows the Alibaba Group investing in Rocket Internet’s Lazada, valued at US$1.5 billion. Zalora, which raised more than $250 million, was once on an equal footing with Lazada, according toTechCrunch. Southeast Asia did not have service from Amazon or eBay when Rocket […]

Tag: GFG

GFG Group appoints CEO

Zalora Indonesia future under a cloud

Revenue up 36pc for Zalora parent

New lifeline for sagging Rocket Internet fashion sites

Zalora Thailand and Vietnam to be offloaded