Global Fashion Group`s FY19 revenue jumps 17.2%

Fashion

04 Mar `20

2 min read

Global Fashion Group (GFG), the leading online fashion and lifestyle destination, has reported 17.7 per cent jump in its revenue growth to €417.7 million in fourth quarter (Q4) FY19 compared to €356.6 million in same quarter prior year. Revenue for full fiscal 2019 surged 17.2 per cent to €1,346 million compared to €1,156 million in FY18.

Global Fashion Group (GFG), the leading online fashion and lifestyle destination, has reported 17.7 per cent jump in its revenue growth to €417.7 million in fourth quarter (Q4) FY19 compared to €356.6 million in same quarter prior year. Revenue for full fiscal 2019 surged 17.2 per cent to €1,346 million compared to €1,156 million in FY18.#

Net Merchandise Value (NMV) in the quarter increased 22.9 per cent to €554 million. For full FY19 NMV increased 23.0 per cent on a constant currency basis to €1,778 million.

Global Fashion Group (GFG), the leading online fashion and lifestyle destination, has reported 17.7 per cent jump in its revenue growth to €417.7 million in fourth quarter (Q4) FY19 compared to €356.6 million in same quarter prior year. Revenue for full fiscal 2019 surged 17.2 per cent to €1,346 million compared to €1,156 million in FY18.#

Gross profit in Q4 FY19 increased to €168.9 million compared to €138.4 million in same period prior year. Gross profit in full FY19 increased from €449.7 million in prior fiscal to €539.8 million.

Global Fashion Group (GFG), the leading online fashion and lifestyle destination, has reported 17.7 per cent jump in its revenue growth to €417.7 million in fourth quarter (Q4) FY19 compared to €356.6 million in same quarter prior year. Revenue for full fiscal 2019 surged 17.2 per cent to €1,346 million compared to €1,156 million in FY18.#

In 2019, GFG continued to expand its assortment across the group and gave over 1 billion consumers in its markets exclusive access to global brands and collaborations, as well as a locally relevant assortment, as group reported. Most recently, the group provided exclusive customer access to Ralph Lauren and GAP in Latin America, and Swatch in CIS, where the company also achieved a significant milestone in the rollout of its Beauty category through the launch of Estée Lauder. In APAC (Asia-Pacific), further development of the modest fashion segment saw the launch of GFG's first male modest wear collection.

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