Global Fashion Group’s Q1 Revenue Rises 11%

Global Fashion Group’s Q1 Revenue Rises 11%

Global Fashion Group. Courtesy.

The online fashion retailer, which operates e-commerce platforms in growth markets such as Latin America and Russia, saw revenue increase 301.3 million euros ($363.8 million) in the first quarter. Gross profit increased 21 percent to 132.9 million euros ($160.4 million), and adjusted EBITDA loss went from 22.7 million euros ($27.4 million) to 11.5 million euros ($13.9 million).

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