
Global Fashion Group released preliminary Q2 figures on Friday and said that it expects the period to be its second profitable quarter on an adjusted EBITDA basis, as well as its first cash flow-positive three months.
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Global Fashion Group released preliminary Q2 figures on Friday and said that it expects the period to be its second profitable quarter on an adjusted EBITDA basis, as well as its first cash flow-positive three months.
The e-tailer said it had a good Q1, although it remained loss-making. Demand has been strong, despite a mid-March dip and loungewear has been the key lockdown category.
Global Fashion Group had big news on Tuesday as it announced that it had reached break-even in the fourth quarter and that its strong growth was continuing.
Recently listed fashion e-tailer Global Fashion Group reported Q3 results on Wednesday and said it delivered its strongest growth in net merchandise value (NMV) of the year during the past three months.
Global Fashion Group (GFG), the online fashion retailer focused on emerging markets, said it is working hard to reduce its losses as it reported second-quarter sales rose a currency-adjusted 16.5%.
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 raised less than half the sum it had originally targeted in an initial public offering of new shares that drew weak investor demand and ended up being mostly backed by its existing shareholders.
Global Fashion Group, a ecommerce startup backed by Germany’s Rocket Internet on Wednesday trimmed back the offer price in its planned initial public offering (IPO) to 4.50 euros per share, it said in a statement.
Global Fashion Group (GFG), an online fashion retailer focused on Asia and Latin America, is postponing its initial public offering until July, which sources close to the matter said was due to low investor demand.
Global Fashion Group has announced the pricing range for its planned IPO with the offering set at between €6 and €8 per share and the firm hoping to raise around €300m.