Global Fashion Group S.A.: GFG completes the sale of its CIS business Lamoda.
December 12, 2022 at 11:57 am EST
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EQS-Ad-hoc: Global Fashion Group S.A. / Key word(s): Disposal
Global Fashion Group S.A.: GFG completes the sale of its CIS business Lamoda.
12-Dec-2022 / 17:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Global Fashion Group S.A.
(the “Company” or “GFG”)
Luxembourg, 12 December 2022: GFG completes the sale of its CIS business Lamoda.
Further to the Company announcement dated 7 October 2022, GFG’s sale of the Lamoda business to fashion retail investor, Iakov Panchenko has successfully completed today. GFG received proceeds of €95 million (net of transaction costs) in addition to the cash held in the Lamoda business as at 30 September 2022.
Person making the notification: Claire Higgins, Group Senior Legal Counsel
Investor Relations:
Jo Britten
Investor Relations Director
investors@global-fashion-group.com
Media Contact:
Jovana Lakcevic
Head of PR & Communications
press@global-fashion-group.com
Forward-looking Information
This announcement contains forward-looking statements. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in this announcement, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this announcement or the underlying assumptions.
12-Dec-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
Global Fashion Group S.A.
5, Heienhaff
L-1736 Senningerberg
Luxemburg
Phone:
+352 691 20 56 54
E-mail:
investorrelations@global-fashion-group.com
Internet:
https://global-fashion-group.com
ISIN:
LU2010095458
WKN:
A2PLUG
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange
Global Fashion Group SA is a Luxembourg-based Company. The Company operates as a fashion and lifestyle destination in growth markets across LATAM (Latin America), SEA (Southeast Asia) and ANZ (Australia and New Zealand). It provides a range of market-oriented products, such as apparel, accessories, sportswear and footwear, among others, with a particular focus on the customer experience. The Company's three e-commerce platforms include Dafiti, ZALORA and THE ICONIC connect an assortment of international, local and own brands to consumers from diverse cultures and lifestyles.
GLOBAL FASHION GROUP S.A. 
