Tag: Rocket Internet

Kinnevik’s Global Fashion Group cuts down its losses
Global

Kinnevik’s Global Fashion Group cuts down its losses

Global Fashion Group, the emerging markets fashion retailer owned by investors Kinnevik and Rocket Internet, said its second-quarter operating losses nearly halved as net revenue jumped by 25.6 percent. Accrding to the company, Adjusted EBITDA margin improved by 6.0 percentage points to (4.3)% of Net Revenue. At EUR12.1 million for […]