×
497
Fashion Jobs
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
TOO FACED
Business Manager - Boots, Brent Cross
Permanent · LONDON
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
TOO FACED
Business Manager - Boots Chelmsford
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - Debenhams, Oxford Street
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 ·

Rocket Internet’s GFG fashion group narrows losses

By
DPA
Translated by
Barbara Santamaria
Published
today Feb 26, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The strength of the euro had a negative impact on the growth of the online fashion retailers included in Rocket Internet’s Global Fashion Group last year.


Global Fashion Group


But the loss before interest, taxes, depreciation and amortisation (EBITDA) was narrowed by the companies comprising GFG. Adjusted EBITDA improved from a loss of €98 million ($111m) to a loss of €49.8 million ($56.5m) in 2018, the Luxembourg-based group announced on Tuesday. Among other reasons, it attributed the improvement to marketing efficiencies and reduced marketing costs.

GFG companies, including The Iconic, Zalora, Dafiti and Lamoda, operate exclusively in growth markets such as Eastern Europe, Asia and Brazil. If their local currencies against the euro, it takes a toll on the company. Sales in the year under review rose by just 5.6% to €1.16 million ($1.3m) in 2018, compared with a rise of almost 25% a year earlier. On a constant currency basis, sales grew by almost 19% in 2018 - closer to the previous year’s level.

Global Fashion Group is reportedly considering a stock market flotation and could be filing for an IPO as early as March, Manager Magazine reported in November last year.

Copyright © 2019 Dpa GmbH