The Global Fashion Group, which is the generic name of the 7-month old holding company comprised of five of Rocket Internet's fashion e-commerce companies (Dafiti, Lamoda, Jabong, Zalora and Namshi) targeting emerging markets, has announced that it has raised 32 million euros in further funding from Tengelmann Ventures and Verlinvest.
The news comes as Rocket and Swedish investment firm Kinnevik complete the merger of the fashion e-commerce ventures. The fresh capital was injected at the same valuation as the merger, which took place in the beginning of September 2014, implying a post-money valuation of 2.8 billion euros.
Kinnevik owns 25.4% and Rocket Internet owns 23% of Global Fashion Group.
In addition, the group has announced the appointment of two senior executives.
Most notably, Global Fashion Group has placed Romain Voog (43) at the helm of the company. Voog joins the holding as chief executive officer after a 7-year stint at Amazon, where he most recently served 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.
Nils Christin (34) has been appointed as Global Fashion Group's CFO, after serving in a similar capacity at Lamoda in Moscow for the past two years. Prior to his role at Lamoda, Nils was a private equity investor at Morgan Stanley Private Equity.
Global Fashion Group operates across four continents and 27 countries, employing over 8,500 people.
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