Global Fashion Group Raises $140 Million - SolidRumor.com

Global Fashion Group Raises $140 Million

 Global Fashion Group Raises $140 Million

Inside a GFG-owned Zalora warehouse. Global Fashion Group.

Global Fashion Group (GFG) has raised around €120 million ($140 million) by putting over 16 million new shares on the market at €7.30 per share. The fashion e-tailer will invest the new round of financing to accelerate growth and expand its Marketplace and Fashion Services business. It will also invest in technology to streamline its e-commerce business, currently popular in emerging markets, on a global scale.

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