Global Fashion Group S.A.
Global Fashion Group S.A. is a public limited company (société anonyme) registered in the Grand Duchy of Luxembourg under RCS Luxembourg number B190907, incorporated on 13 October 2014. Its registered office is at 5, Heienhaff, L-1736 Senningerberg, Luxembourg, and the company’s registry status is active.
Global Fashion Group S.A. is the listed holding company for an online fashion and lifestyle marketplace group. As of 2025, the group’s principal operating platforms are THE ICONIC in Australia and New Zealand, ZALORA in Southeast Asia, and Dafiti in Latin America, offering apparel, footwear, accessories, beauty and sportswear from thousands of international, local and own brands. The group has previously operated other regional platforms that are no longer part of its portfolio: Jabong in India was sold in August 2016, the Namshi business in the Middle East was divested in stages between 2017 and 2019, and Lamoda, which served Russia, Belarus and Kazakhstan, was sold in the 2022 financial year following Russia’s invasion of Ukraine.
Global Fashion Group S.A. shares have traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange since 3 July 2019 under the ticker GFG, ISIN LU2010095458 and WKN A2PLUG, with a secondary listing on the Luxembourg Stock Exchange.
For the financial year ended 31 December 2025, Global Fashion Group S.A. reported consolidated revenue of €679.8 million and Net Merchandise Value of €1,041.6 million, broadly stable year-on-year on a constant-currency basis. The group ended the year with 7.3 million active customers and reported consolidated Adjusted EBITDA of €9.3 million, positive for the full year for the first time. Its largest region by NMV in 2025 was Australia and New Zealand at 49% of group NMV, followed by Latin America at 30%. These figures relate to the Global Fashion Group S.A. consolidated group and were reported in the company’s Q4 and full-year 2025 results announcement published on 4 March 2026.
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Shareholders
5
Shareholders of Global Fashion Group S.A.
Global Fashion Group S.A. is listed on the Frankfurt Stock Exchange, and its shareholder disclosure reflects notifiable holdings reported under the EU Transparency Directive voting-rights notification regime rather than a complete shareholder register. Based on the company’s published shareholder structure, the most recent threshold-crossing date reported was 3 February 2022, at which point the disclosed major shareholders were: Kinnevik AB, holding approximately 35.90% (79,093,454 shares); Zerena GmbH, a German holding entity associated with the Rocket Internet / Global Founders group, holding approximately 14.86% (32,740,416 shares); and Crestbridge Management Company S.A., holding approximately 9.12% (20,082,245 shares) in a corporate capacity. The remaining approximately 40.12% of shares were held in free float, with no other individual holder disclosed above the applicable notification threshold.
These figures represent direct voting-rights holdings as last notified. Because notification obligations are triggered only when a threshold is crossed, current holdings may differ from these percentages without a further public filing being required.
Ultimate beneficial ownership
No verified ultimate beneficial owner has been identified for Global Fashion Group S.A. Kinnevik AB is itself a listed, widely held investment company and Crestbridge Management Company S.A. holds its stake in a corporate/management capacity; a complete, consistently dated ownership chain through Zerena GmbH to a natural person was not confirmed in the sources reviewed. An effective ownership percentage for any individual cannot therefore be calculated.
Data availability
Shareholder information for Global Fashion Group S.A. is best described as major shareholders only: disclosure is limited to holders that have crossed statutory notification thresholds, last reported as of 3 February 2022, so the information should be treated as historical rather than current.
Sources
- Global Fashion Group S.A. Investor Relations, Shareholder Structure — https://ir.global-fashion-group.com/shareholder-structure (retrieved 22 September 2026)
- RCS Luxembourg company record via Pappers Luxembourg mirror, Global Fashion Group S.A. B190907 — https://www.pappers.lu/company/global-fashion-group-sa-B190907 (retrieved 22 September 2026)
Registry feed — rows exactly as filed with Luxembourg Business Register (LBR/RCS), including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| DFA Continental Small Company Series | 37.5% | Luxembourg Business Register (LBR/RCS) | |
| DFA International Core Equity Portfolio | 37.1% | Luxembourg Business Register (LBR/RCS) | |
| DFA Investment Dimensions-DFA Va International Small | 9.3% | Luxembourg Business Register (LBR/RCS) | |
| DFA Investment Dimensions-World Ex U.S. Core Equity Port | 8.5% | Luxembourg Business Register (LBR/RCS) | |
| DFA International Vector Equity Port | 5.8% | Luxembourg Business Register (LBR/RCS) |
Officers
15
Directors and officers of Global Fashion Group S.A.
Global Fashion Group S.A. discloses its leadership across a two-tier governance structure comprising a Management Board and a Supervisory Board. According to the company’s official leadership page, the current Management Board comprises six members: Christoph Barchewitz (Chief Executive Officer), Helen Hickman (Chief Financial Officer), Jere Calmes (Chief Executive Officer, THE ICONIC), Leandro Medeiros (Chief Executive Officer, Dafiti), Felipe Garcia Alvarez (Chief Executive Officer, ZALORA) and Nicolle Strauss (Chief People and Corporate Officer). The Supervisory Board is chaired by Cynthia Gordon, with Carol Shen, Andreas Bernström and John Baker as further members. The company’s official source does not disclose the nationality or country of residence of these officers, so these fields are recorded as not disclosed. No resignation or removal date was identified for any currently listed member as of the information date.
Recent officer changes
In a company announcement dated 3 February 2025, Global Fashion Group S.A. disclosed changes to its Management Board alongside preliminary full-year 2024 results. Individual appointment and departure dates for each affected role were not independently itemised in the sources reviewed for this profile beyond confirming that a Management Board change was announced on that date.
Data availability
Officer information for Global Fashion Group S.A. is current only: the company’s website lists the presently serving Management and Supervisory Board members without publishing historical appointment or resignation dates, and nationality and country of residence are not publicly disclosed for these individuals.
Sources
- Global Fashion Group, Our Leaders — https://global-fashion-group.com/people/our-leaders/ (retrieved 22 September 2026)
- Global Fashion Group, Global Fashion Group Announces Management Board Changes and Preliminary Full Year 2024 Results, 3 February 2025 — https://global-fashion-group.com/2025/02/03/global-fashion-group-announces-management-board-changes-and-preliminary-full-year-2024-results/ (retrieved 22 September 2026)
Registry feed — rows exactly as filed with Luxembourg Business Register (LBR/RCS), including entries the profile above does not cover.
Group Structure
Group structure of Global Fashion Group S.A.
Global Fashion Group S.A. is the Luxembourg-incorporated, Frankfurt Stock Exchange-listed holding company for its operating group and has no identified corporate parent; its largest disclosed shareholders are institutional and founder-linked investors rather than a controlling parent company (see the shareholder block for details). According to the company’s official public disclosures, its verified operating platforms are THE ICONIC (Australia and New Zealand), ZALORA (Southeast Asia) and Dafiti (Latin America). The exact legal names, jurisdictions and registration numbers of the individual operating subsidiaries beneath Global Fashion Group S.A. were not published in the sources reviewed for this profile, so they are not itemised individually here. The group has also divested several formerly held businesses, described below.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| THE ICONIC (operating platform) | Australia | Not disclosed | Subsidiary (direct or indirect, not itemised) | Ownership percentage not disclosed | Active | 2025 |
| ZALORA (operating platform) | Singapore / Southeast Asia | Not disclosed | Subsidiary (direct or indirect, not itemised) | Ownership percentage not disclosed | Active | 2025 |
| Dafiti (operating platform) | Brazil / Latin America | Not disclosed | Subsidiary (direct or indirect, not itemised) | Ownership percentage not disclosed | Active | 2025 |
Recent structural changes
- Lamoda, serving Russia, Belarus and Kazakhstan, was sold in the 2022 financial year following Russia’s invasion of Ukraine (disposal).
- The Namshi business in the Middle East was divested in stages, with the company announcing the sale of its remaining minority stake in Namshi on 25 February 2019 (disposal).
- The Jabong business in India was sold in August 2016 (disposal, prior to the company’s 2019 IPO).
Data availability
Group-structure information for Global Fashion Group S.A. is partial: the group’s principal operating platforms and their regions are confirmed through official company sources, but the specific legal names, jurisdictions and registration numbers of the underlying operating subsidiaries were not identified in the sources reviewed.
Sources
- Global Fashion Group, GLOBAL FASHION GROUP REPORTS Q4 and FY 2025 RESULTS, 4 March 2026 — https://global-fashion-group.com/2026/03/04/global-fashion-group-reports-q4-fy-2025-results/ (retrieved 22 September 2026)
- Global Fashion Group, GFG Sells Remaining Minority Stake in Namshi, 25 February 2019 — https://global-fashion-group.com/2019/02/25/global-fashion-group-gfg-sells-remaining-minority-stake-in-namshi/ (retrieved 22 September 2026)
Registry feed — rows exactly as filed with Luxembourg Business Register (LBR/RCS), including entries the profile above does not cover.
Global Fashion Group S.A.
Luxembourg
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Frequently Asked Questions
What is the registration number of Global Fashion Group S.A.?
Global Fashion Group S.A. is registered with the Luxembourg Trade and Companies Register (RCS Luxembourg) under number B190907.
When was Global Fashion Group S.A. incorporated?
The company was incorporated on 13 October 2014 in the Grand Duchy of Luxembourg.
What is the legal form of Global Fashion Group S.A.?
It is a société anonyme (S.A.), a Luxembourg public limited company.
What is the current registry status of Global Fashion Group S.A.?
According to the Luxembourg Trade and Companies Register, the company's status is active.
Where is Global Fashion Group S.A. registered?
Its registered office is at 5, Heienhaff, L-1736 Senningerberg, Grand Duchy of Luxembourg.
Is Global Fashion Group S.A. publicly listed?
Yes. Its shares have traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange since 3 July 2019 under the ticker symbol GFG, with a secondary listing on the Luxembourg Stock Exchange.
What is the ISIN of Global Fashion Group S.A.?
The ISIN is LU2010095458 and the German securities code (WKN) is A2PLUG.
What brands does Global Fashion Group currently operate?
As of 2025, the group's principal operating platforms are THE ICONIC (Australia and New Zealand), ZALORA (Southeast Asia) and Dafiti (Latin America).
Has Global Fashion Group divested any of its former brands?
Yes. Jabong (India) was sold in August 2016, the Namshi business (Middle East) was divested in stages between 2017 and 2019, and Lamoda (Russia, Belarus and Kazakhstan) was sold in the 2022 financial year following Russia's invasion of Ukraine.
Who are the major shareholders of Global Fashion Group S.A.?
Based on the last reported voting-rights notification (3 February 2022), the disclosed major shareholders were Kinnevik AB (approximately 35.90%), Zerena GmbH (approximately 14.86%) and Crestbridge Management Company S.A. (approximately 9.12%), with the remainder in free float.
Who leads Global Fashion Group S.A.?
The Management Board is led by Chief Executive Officer Christoph Barchewitz, and the Supervisory Board is chaired by Cynthia Gordon.
What was Global Fashion Group's revenue in FY2025?
The group reported consolidated revenue of €679.8 million and Net Merchandise Value of €1,041.6 million for the financial year ended 31 December 2025.
How many active customers did Global Fashion Group report for FY2025?
The group ended the 2025 financial year with 7.3 million active customers.
Does Zavia.ai monitor Global Fashion Group S.A. for changes?
Zavia.ai's platform and API track publicly available registry, exchange-listing and corporate data for Global Fashion Group S.A. and surface updates as new information is verified.