Tag «Global Fashion Group»

Global Fashion Group raises EUR 330 million in Funding Round

• Global Fashion Group has successfully raised EUR 330 million from existing investors // • Rocket Internet invested EUR 68 million // • Post the funding round, Rocket Internet holds a stake of 20.4% in GFG Today, Global Fashion Group (“GFG”) announced a successful funding round of EUR 330 million, which has been subscribed by …

Jabong’s parent company Global Fashion Group secures EUR 300 million from Kinnevik and Rocket Internet

New Delhi, 2 May, 2016: Global Fashion Group, which is the parent company of India’s leading online fashion portal Jabong, has successfully secured a funding of EUR 300 m from Kinnevik and Rocket Internet. While Rocket Internet will underwrite around EUR 100 million of the financing, it will invest around EUR 85 million including the conversion of an …

Rocket Internet participates in financing round of Global Fashion Group and agrees to contribute its shareholding in two Brazilian e-commerce businesses

Rocket Internet SE (“Rocket Internet”) today announced that it is participating in a EUR 150 million internal financing round in Global Fashion Group (“GFG”). Rocket Internet will invest its pro rata share of the financing round amounting to EUR 37 million and has undertaken to guarantee an additional part of the financing round amounting to …

Global Fashion Group announces appointment of group management and further funding round

April 8, 2015 – Today, the Board of Directors of Global Fashion Group (“GFG”, the “Company”), the world’s leading emerging markets fashion e-commerce group, announced the completion of its merger, an additional EUR 32 million funding round and the appointment of Romain Voog (43) as CEO and Nils Chrestin (34) as CFO. Romain and Nils …