GFG taps investors for €120m of growth capital

Frankfurt_Stock_Exchange-PA_575_375
By Aidan Gregory
18 Nov 2020

Frankfurt-listed online fashion retailer Global Fashion Group has placed €120m of stock to fund future growth during the Covid-19 pandemic, which has accelerated the trend of more consumers shopping online.

The proceeds are intended to facilitate the delivery of GFG’s medium term growth strategy by financing investments in its technology platform, delivery infrastructure, and other general corporate purposes.

GFG’s IPO banks Berenberg Goldman SachsandHSBC were bookrunners on the share sale, which was launched after ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial