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Announced

Completed

Iakov Panchenko completed the acquisition of Lamoda from GFG for €95m.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Belarus

Private

Acquisition

Russian Federation

Single Bidder

Kazakhstan

Domestic

online shopping

Friendly

Drug Retailers

Majority

E-commerce

Synopsis

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Iakov Panchenko, a retail fashion investor, completed the acquisition of Lamoda, an operator of an online shopping platform, from Global Fashion Group, an online fashion portal, for €95m. “We extend our deepest gratitude to the Lamoda team for their unequivocal dedication to their customers over the years. We are handing the business over to a new owner who is committed to preserving Lamoda’s responsible operations, culture and 8k-strong employee base. Looking ahead, rising e-commerce penetration will continue to drive long-term growth in GFG’s markets. We are committed to delivering on our vision as the #1 online fashion and lifestyle destination in LATAM, SEA and ANZ. We have the team, customer base, brand partnerships, infrastructure and financial strength to drive success, while being people and planet positive," Christoph Barchewitz and Patrick Schmidt, GFG Co-CEOs.

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