Luxembourg firm Global Fashion Group posts Q1 FY21 revenue of €301 mn

Fashion

Luxembourg firm Global Fashion Group posts Q1 FY21 revenue of €301 mn

13 May `21

Global Fashion Group (GFG), a leading online fashion and lifestyle destination, posted 11 per cent revenue growth to €301.3 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to revenue of €271.4 million in same period prior fiscal. The group’s net merchandise value (NMV) for the quarter grew to €449.9 million (Q1 FY20: €372.1 million).

 

Global Fashion Group (GFG), a leading online fashion and lifestyle destination, posted 11 per cent revenue growth to €301.3 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to revenue of €271.4 million in same period prior fiscal. The group`s net merchandise value (NMV) for the quarter grew to €449.9 million (Q1 FY20: €372.1 million).#

“We’ve had a standout start in GFG’s 10th anniversary year with very strong NMV growth across all of our regions. As e-commerce adoption continues at pace, we benefited from a broad view of how customers are responding across four very diverse markets,” Christoph Barchewitz and Patrick Schmidt, co-CEOs of GFG, said in a press release.

 

Global Fashion Group (GFG), a leading online fashion and lifestyle destination, posted 11 per cent revenue growth to €301.3 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to revenue of €271.4 million in same period prior fiscal. The group`s net merchandise value (NMV) for the quarter grew to €449.9 million (Q1 FY20: €372.1 million).#

“With 1.5 million new customers and the stronger performance in markets where covid restrictions have been lifted, we are very optimistic about delivering on our ambition to build a €10 billion NMV business,” Barchewitz and Schmidt added.

 

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