Global Fashion Group S.A.: GFG completes the sale of its CIS business Lamoda.12/12/2022
EQS-Ad-hoc: Global Fashion Group S.A.: GFG completes the sale of its CIS business Lamoda.
Global Fashion Group S.A. / Key word(s): Disposal
Global Fashion Group S.A.
(the “Company” or “GFG”)
Luxembourg, 12 December 2022: GFG completes the sale of its CIS business Lamoda.
Further to the Company announcement dated 7 October 2022, GFG’s sale of the Lamoda business to fashion retail investor, Iakov Panchenko has successfully completed today. GFG received proceeds of €95 million (net of transaction costs) in addition to the cash held in the Lamoda business as at 30 September 2022.
Investor Relations Director
Head of PR & Communications
This announcement contains forward-looking statements. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in this announcement, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this announcement or the underlying assumptions.
|Company:||Global Fashion Group S.A.|
|Phone:||+352 691 20 56 54|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Tradegate Exchange; Luxembourg Stock Exchange|
|EQS News ID:||1511003|
|End of Announcement||EQS News Service|