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Global Fashion Group raises EUR 32 million from Tengelmann Ventures and Verlinvest

Tags: Global Fashion Group, fund, e-commerce, Tengelmann Ventures, Verlinvest

April 09, 2015 | COMMENTS ( 0 )

Global Fashion Group raises EUR 32 million from Tengelmann Ventures and Verlinvest

Global Fashion Group (“GFG”, the “Company”), the fashion e-commerce group has announced it has received  EURO 32 million funding round from existing shareholders Tengelmann Ventures and Verlinvest.

The fashion e-commerce group has also announced the appointment of Romain Voog (43) as CEO and Nils Chrestin (34) as CFO.

Romain and Nils will be responsible for the overall strategic and operational development of GFG as well as the various group functions, with the Dafiti, Lamoda, Jabong, Zalora and Namshi management teams continuing to lead the strong regional fashion e-commerce platforms. Furthermore, GFG, under the lead of Romain and Nils, will develop solutions to leverage know-how across the group even better, scale operations and hone its global infrastructure to strengthen its position.

Romain Voog joins GFG with 13 years of online and offline retail experience and a background as a strategy consultant. He spent the last seven years at Amazon, most recently as the company’s President and Managing Director for France. Prior to Amazon, he spent 6 years at Carrefour in various leadership roles and is a former strategy consultant from Boston Consulting Group and Bain & Company in Europe and in Asia. Romain holds a General Engineering Diploma from Ecole Centrale Paris.

Nils Chrestin has spent the last two years as Managing Director and CFO of Lamoda in Moscow prior to becoming GFG’s CFO in January 2015. Prior to his role at Lamoda Nils was a private equity investor at Morgan Stanley Private Equity. Nils has over 10 years of experience and graduated from Ludwig-Maximilian-University in Munich with a Mathematics Diploma.

“We are delighted to announce the appointment of Romain as GFG’s new CEO. He brings most valuable additional e-commerce expertise to complement the outstanding work performed by our regional leaders. He and Nils will be a great team to drive operational excellence across the various business units”, says Lorenzo Grabau, Chairman of GFG.

“I am thrilled to join GFG as CEO. I look forward to working with our outstanding teams on the next stage of developments of our five regional businesses and to building the leading fashion e-tailer of emerging countries”, says Romain Voog, CEO of Global Fashion Group.

“I very much look forward to working with Romain and our regional management teams to continue driving global best practices, integration and economies of scale across GFG”, says Nils Chrestin, CFO of Global Fashion Group.

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