×
456
Fashion Jobs
MAJE
Supervisor - Selfridges, London
Permanent · LONDON
HARRODS
Technogym -Wellness Consultant
Permanent · LONDON
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
RETAIL PERM
Beauty Salon Manager
Permanent · LONDON
TOO FACED
Business Manager - Liverpool - New Mersey Retail pk (Speke), UK
Permanent ·
TOO FACED
Business Manager - Lisburn Sprucefield sc, UK
Permanent ·
TOO FACED
Business Manager - Stockton on Tees Teeside, UK
Permanent ·
Advertisements

Global Fashion Group starts trading after IPO, announces new Supervisory Board

Published
today Jul 2, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Interest in the global fashion Group IPO may have been disappointingly lower than hoped for, but the company has now begun trading on the Frankfurt stock exchange and the true test of its appeal begins now.


Global fashion Group



The company, which is a major online fashion retailer in 17 countries across Asia Pacific, Latin America and the Commonwealth of Independent States, sees its shares listed in the Prime Standard under the trading symbol GFG.

Co-CEOs Christoph Barchewitz and Patrick Schmidt said: “It is still very early days for fashion e-commerce in our markets. We are building the #1 fashion and lifestyle destination in Asia Pacific, Latin America and CIS. Going public secures us funding to invest into our platform and infrastructure and in turn, benefit from the tremendous growth opportunities in our markets.”

And they added that as part of becoming a public company, it has set up a new Supervisory Board comprising existing and new directors “whose combined wealth of experience in fashion, e-commerce and growth markets will support us on our journey.”  
 
The new board comprises “a global and diverse set of individuals with a balanced mix of experience in fashion, e-commerce and growth markets.” It consists of existing members Cynthia Gordon (who is the firm’s Chair), Georgi Ganev, Alexis Babeau and former Guess CEO Victor Herrero, as well as new members, Carol Shen and Laura Weil.  
 
Shen’s previous experience includes her role as MD of the Estée Lauder Companies affiliate in China and President of Gucci China. Meanwhile, Weil has been VP of Finance at Macy’s, Executive VP of American Eagle Outfitters, and CEO at Ashley Stewart.    

The IPO means that GFG’s net cash of €178 million at the end of Q1 and the gross proceeds of €198 million (assuming exercise of the greenshoe option in full), make it “well-funded to invest in its growth strategy, further strengthen the end-to-end customer proposition, and continue its path to profitability.”

The relatively lukewarm reaction to the IPO is perhaps unsurprising given how challenged the fashion retail market is globally at present. This has been having a depressive effect on some retailer and e-tailer shares and investors could be taking a wait and see approach before moving in.

Copyright © 2019 FashionNetwork.com All rights reserved.