×
23 270
Fashion Jobs
ESTÉE LAUDER COMPANIES
Order Handler - Padc (11:30am - 3:30pm)
Permanent · Bristol
ESTÉE LAUDER COMPANIES
Order Handler - Padc (700am - 1100am)
Permanent · Bristol
ESTÉE LAUDER COMPANIES
Order Handler - Padc (11:30am - 3:30pm)
Permanent · Bristol
ESTÉE LAUDER COMPANIES
Order Handler - Padc (700am - 1100am)
Permanent · Bristol
AVEDA
Distribution Supervisor
Permanent · Compton
MAC
Director, Global Social & Influencer Marketing
Permanent · New York
BATH & BODY WORKS
District Manager - Bath & Body Works - Central South Carolina - Columbia, sc
Permanent · Sumter
VICTORIA'S SECRET
Senior Merchandise Planner, Victoria's Secret Lingerie
Permanent · Reynoldsburg
VICTORIA'S SECRET
Brand Operations Manager-West Shore
Permanent · Tampa
VICTORIA'S SECRET
Brand Operations Manager-Perimeter Mall Pink
Permanent · Atlanta
GUESS
Photo Production Manager
Permanent · Los Angeles
ALL SAINTS
Regional Manager
Permanent · West Coast of the United States
ALL SAINTS
Finance Business Analyst
Permanent · London
ALL SAINTS
Group Finance Manager
Permanent · London
L'OREAL GROUP
Manager/sr. Manager, Ecommerce Operations & Supply Chain
Permanent · New York
L'OREAL GROUP
Creative Director
Permanent · New York
L'OREAL GROUP
Director, Ecommerce And Platforms - Carol's Daughter & Softsheen-Carson
Permanent · New York
L'OREAL GROUP
Senior Manager-Industrial Quality
Permanent · Somerset
MARSHALLS
Marshalls lp Detective - Silver Spring, md
Permanent · Silver Spring
MARSHALLS
Marshalls lp Detective - Clinton, md
Permanent · Clinton
TJX CORPORATE
Product Manager - Point of Sale Systems
Permanent · Marlborough
MARSHALLS
Loss Prevention Detective
Permanent · Shirley
Published
Jul 2, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

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

Published
Jul 2, 2019

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 © 2021 FashionNetwork.com All rights reserved.