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Global Fashion Bets 2020’s Online Shopping Boom Is Set to Last
- Fashion retailer expanded warehouses in six of nine countries
- Co-CEO sees scope for faster growth ahead of March 1 report
Photographer: Rafael Roncato/Global Fashion Group
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Global Fashion Group SA, a fashion retailer with ambitions to emulate European giant Zalando SE in emerging markets, has made a big bet that the pandemic-fueled boom in online shopping is here to stay.
The Luxembourg-based company has channeled much of its 2020 windfall into infrastructure by building new warehouses or expanding existing facilities in six of the nine markets where it operates fulfillment centers, co-Chief Executive Officer Christoph Barchewitz said in an interview.