on Global Fashion Group S.A. (isin : LU2010095458)
Global Fashion Group Announces Management Changes and 2024 Preliminary Results
On February 3, 2025, Global Fashion Group (GFG), a leading online fashion destination in LATAM, SEA, and ANZ, revealed changes to its Management Board. Helen Hickman, formerly Group CFO, is now appointed to the board. Her expertise in finance and leadership strengthens GFG's strategic direction. Gunjan Soni resigned as COO and CEO of Zalora to explore new opportunities, with Christoph Barchewitz, CEO of GFG, temporarily assuming her roles.
For 2024, GFG's preliminary results showed a Net Merchandise Value (NMV) decrease of 8% year-over-year, aligning with expectations. ANZ and LATAM segments registered growth in Q4, while SEA faced a 20% decline. Adjusted EBITDA fell within guidance, showing a balanced yet cautious outlook.
GFG's cash flow improved significantly, ending the year with substantial cash reserves. The full financial year report is expected on March 5, 2025.
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