EQS-News: GLOBAL FASHION GROUP REPORTS Q2 2023 RESULTS
Luxembourg, 10 August 2023 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, continues to execute cost action plans to adapt to challenging market conditions and improve performance going forward.
- Luxembourg, 10 August 2023 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, continues to execute cost action plans to adapt to challenging market conditions and improve performance going forward.
- These improvements will grow our platform and are adapted to our current focus on careful cost and inventory management.
- We are confident in our ability to navigate these challenges and in building long-term value for our customers, partners and shareholders.”
In Q2 2023, GFG delivered NMV of €346.5 million, down 14.7% yoy. - Expectations for the full year 2023 are unchanged from the guidance issued in our announcement on 26 July 2023.