23-11-2016 11:38 via news.yahoo.com

Slower emerging markets hit Rocket's Global Fashion revenue

Revenue growth at emerging markets-focused retailer Global Fashion Group (GFG), which is backed by investors Kinnevik of Sweden and Germany's Rocket Internet, slowed in the third quarter although its losses narrowed. GFG said on Wednesday net revenue in constant currency terms rose by 16 percent to 250 million euros ($266 million) in the quarter, less than half the 36.6 percent rise it achieved during the first half of the year. GFG is seen as one of Rocket's most likely candidates for an eventu
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