A fashion retail investor, Iakov Panchenko completed the acquisition of Lamoda business operations in Russia, Kazakhstan and Belarus from Global Fashion Group S.A..
December 11, 2022
Share
A fashion retail investor, Iakov Panchenko agreed to acquire Lamoda business operations in Russia, Kazakhstan and Belarus from Global Fashion Group S.A. (XTRA:GFG) on October 7, 2022. The agreement is subject to certain conditions and regulatory approval. The transaction is expected to complete in the coming months. GFG expects proceeds of approximately Ç100 million in addition to the value of the cash held in the Lamoda business as at September 30, 2022.
A fashion retail investor, Iakov Panchenko completed the acquisition of Lamoda business operations in Russia, Kazakhstan and Belarus from Global Fashion Group S.A. (XTRA:GFG) on December 12, 2022. As of December 13, 2022, The Federal Antimonopoly Service reported in late November that it had received an application from German company Eastrealty Beteiligungs und Verwaltungs GmbH
Global Fashion Group SA is a Luxembourg-based Company. The Company operates as a fashion and lifestyle destination in growth markets across LATAM (Latin America), SEA (Southeast Asia) and ANZ (Australia and New Zealand). It provides a range of market-oriented products, such as apparel, accessories, sportswear and footwear, among others, with a particular focus on the customer experience. The Companyâs three e-commerce platforms include Dafiti, ZALORA and THE ICONIC connect an assortment of international, local and own brands to consumers from diverse cultures and lifestyles.
A fashion retail investor, Iakov Panchenko completed the acquisition of Lamoda business operations in Russia, Kazakhstan and Belarus from Global Fashion Group S.A..
GLOBAL FASHION GROUP S.A. 
