Home / Knowledge / News / Apparel/Garments / Fashion etailer Jabong to board Rocket Internet's GFG
Fashion etailer Jabong to board Rocket Internet's GFG
29
Dec '14
Following Germany based Rocket Internet receiving fiscal and anti-trust approvals for its Global Fashion Group (GFG) concept, Indian online fashion retailer; Jabong.com would also be boarding GFG.

Rocket Internet is a major investor in Jabong.com, who said that the first roll-up into GFG has now been completed and completion of the remaining roll-up transactions is expected in the first quarter of 2015.

GFG will operate across five continents with a focus on growth markets, covering 23 countries with a combined €330 billion fashion market and with 2.5 billion people, who continue to move rapidly online.

GFG will market an assortment of global apparel brands, a selection of private brands and local assortments developed for specific ethnic markets notably in India, Indonesia and the Middle East.

Rocket's mission is to become the world’s largest Internet platform outside of the United States and China.

Rocket identifies and builds proven internet business models and transfers them to new, under-served or untapped markets where it seeks to scale them into market leading online companies.

Rocket is focused on proven online business models that satisfy basic consumer needs across three sectors: eCommerce, marketplaces and financial technology.

Rocket was founded in 2007 and now has more than 25,000 employees across its network of companies, which operate in more than 100 countries on five continents.

Its e-commerce companies include retail companies in the areas of fashion, general merchandise, home and living, office supplies and food and groceries.

As part of our global strategy, Rocket has created regional internet groups in Africa, Asia Pacific, Latin America and the Middle East.

It has done this in order to bundle local market and business model insights, facilitate investment partnerships and accelerate the regional rollout of companies.

It has developed proprietary technology, which it believes provides its companies with a competitive advantage.

Its proprietary technology is highly flexible and scalable and provides its companies with significant cost and speed advantages, particularly during their initial rapid launch and rollout processes. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search