AAA April 2015 – Page 14

Tengelmann finds GFG fashionable in $34.6m fundraising

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… Continue reading Tengelmann finds GFG fashionable in $34.6m fundraising