Rocket published its Q2 results for Global Fashion Group Friday so just how did the giant online e-tailer fare? It's doing well, apart from still being lossmaking. But losses have dwindled while sales are on the rise
Swedish investor Kinnevik has sold its remaining stake in German ecommerce company Rocket Internet for more than €200 million, capitalizing on a recent rally in the stock fueled by plans to list two of its start-ups.
Dubai's Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Germany's Rocket Internet for $151 million (£116.5 million) as competition for technology deals heats up in the Middle East.
Revenue growth at emerging markets-focused retailer Global Fashion Group, which is backed by investors Kinnevik of Sweden and Germany's Rocket Internet, slowed in the third quarter, although its losses narrowed.
India's biggest e-commerce firm Flipkart is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, the latest consolidation move in the country's e-commerce sector as competi...