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 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 (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.
The former Guess CEO has been named non-executive director and chairman of the sustainability committee of Global Fashion Group, the portfolio of fashion e-commerce platforms including The Iconic, Zalora and Dafiti.
The Spanish retail group has recently signed a new partnership with online marketplace Lamoda for its Oysho and Pull&Bear brand as part of CEO Pablo Isla’s ambition to make all its brands available online by 2020.