Tengelmann finds GFG fashionable in $34.6m fundraising

Apr 9, 2015 • Thierry Heles

Luxembourg-based fashion e-commerce company Global Fashion Group (GFG) secured €32m ($34.6m) yesterday from investors including Tengelmann Ventures, the corporate venturing arm of retail group Tengelmann.

Verlinvest, the office of one of beverage company Anheuser-Busch InBev’s founding families, also participated in the round.

GFG is a merger of five regional e-commerce companies that was initiated by incubator Rocket Internet and investment firm Kinnevik in September 2014. It consists of Dafiti (covering Latin America), Jabong (India), Lamoda (Russia and the Commonwealth of…

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