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

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Top executives
Textile industry

The foremost issue is bridging the skill gap

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Urmil Arya

Sushila International, a well established textile organisation established ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Eric Scholler
Groz-Beckert

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search