After recording an impressive first quarter performance, Global Fashion Group (GFG) has posted robust growth in its second quarter too.
Also Read: Global Fashion Group records growth in revenue and profit in Q1
The Singapore-based fashion e-tailer, which also owns Zalora and The Iconic, saw its second quarter profit rise by 28 per cent to €183.7 million.
The e-tailer has attributed the revenue and profit growth to easing of pandemic restrictions.
The revenue of GFG for the quarter rose by 18 per cent to €397.3 million, whereas the same was €336.1 during the same period a year before.
Adjusted EBITDA went up by 22 per cent to clock €11.6 million, whereas the net merchandise value (NMV) of the Group rose by 24.9 per cent to touch €610.1 million.
The second quarter was also notable for GFG in terms of partnership, as the Group unveiled new categories and partnerships with Massimo Dutti and Country Road Group.
Besides, GFG also expanded its ranges with Yves Saint Laurent and Kate Spade during the quarter.
As pandemic restrictions got lifted in some parts of the globe, people are started rushing to buy formalwear and partywear, which helped GFG record good numbers. This was clearly evident in Australia and New Zealand, where NMV grew by 68 per cent.
GFG, the e-tailer from Singapore, is known for its apparels, shoes and fashion accessories, amongst others.
