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Fashion

Global Fashion Group names CEO, CFO

By Rajiv Menon
1 min read
Pier59 NY Group photo g small
Pier59 NY Group photo g small
In this article (5)

Global Fashion Group, a fashion e-commerce group formed by five emerging market fashion sites Dafiti, Lamoda, Jabong, Zalora and Namshi, on Wednesday named Romain Voog as CEO and Nils Chrestin as CFO.

Voog and Chrestin will be responsible for the overall strategic and operational development of GFG as well as the various group functions.

Romain Voog joins GFG with 13 years of online and offline retail experience and a background as a strategy consultant. He spent the last seven years at Amazon, most recently as the company’s President and Managing Director for France. Prior to Amazon, he spent 6 years at Carrefour in various leadership roles and is a former strategy consultant from Boston Consulting Group and Bain & Company in Europe and in Asia.

Nils Chrestin has spent the last two years as Managing Director and CFO of Lamoda in Moscow prior to becoming GFG’s CFO in January 2015. Prior to his role at Lamoda Nils was a private equity investor at Morgan Stanley Private Equity.

Last month, GFG received an additional EUR32 million investment from existing shareholders Tengelmann Ventures and Verlinvest. The investment, completed at the same valuation as the one used for the merger and creation of GFG, implies a post- money valuation of EUR2.8 billion. Pro forma for the transaction Kinnevik owns 25.4 percent and Rocket Internet owns 23 percent of the company.

Questions & Answers

Q.

What is the primary responsibility of the new CEO and CFO at Global Fashion Group?

A.

Romain Voog and Nils Chrestin are tasked with the overall strategic and operational development of Global Fashion Group. They are also responsible for managing the various group functions within the company.

Q.

What is Romain Voog's professional background before joining GFG?

A.

Romain Voog brings 13 years of online and offline retail experience, having spent seven years at Amazon, most recently as President and Managing Director for France. He also worked for six years at Carrefour and was a strategy consultant.

Q.

What was Nils Chrestin's role before becoming GFG's CFO?

A.

Nils Chrestin served as Managing Director and CFO of Lamoda in Moscow for two years before his GFG appointment. Prior to that, he was a private equity investor at Morgan Stanley Private Equity.

Q.

What is the valuation of Global Fashion Group after its recent investment?

A.

Following a recent EUR32 million investment from existing shareholders Tengelmann Ventures and Verlinvest, Global Fashion Group holds a post-money valuation of EUR2.8 billion.

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