Fashion

Luxembourg Global Fashion Group Company achieved 23% NMV growth in Q1



Global Fashion Group (GFG), one of the leading online fashion and lifestyle destinations in growing markets, reported quarterly revenue and NMV growth of 17.9% and NMV respectively. 22.9%, while gross margin and adjusted EBITDA improved. In the first quarter of fiscal year 2022, the company delivered to NMV 543.2 million euros.

The NMV market grew 35.8% y/y to 39.2% of NMV, as more and more brand partners choose this channel to reach GFG’s growing customer base. The group continues to see a market size faster than retail growth, GFG said in a press release.

“We announced our first quarter results for 2022 in difficult times. The safety of our Ukrainian colleagues remains paramount and we continue to support them and humanitarian operations as widely as possible through our pledge to raise an additional €5 million. While this backdrop made the new year off to a great start, our team delivered good first quarter results. Our client and financial metrics continue to grow positively and we remain confident in our long-term strategy as the leading fashion & lifestyle destination in growing markets.” Christoph Barchewitz and Patrick Schmidt, Co-CEOs of GFGspeak.

Global Fashion Group (GFG), one of the leading online fashion and lifestyle destinations in growing markets, reported quarterly revenue and NMV growth of 17.9% and NMV respectively. 22.9%, while gross margin and adjusted EBITDA improved. In the first quarter (Q1) of fiscal year 2022, the company delivered to NMV 543.2 million euros.

The continued level of uncertainty in the CIS means the company is currently unable to issue guidance for fiscal 2022.

Fiber2 fashion news desk (RR)





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