Global Fashion Group S.A. (GFG) held its Annual General Meeting (AGM) in Luxembourg on May 20, 2026, where shareholders approved all resolutions on the agenda. With 58.32% of voting rights represented, the AGM marked a significant milestone for the company, which operates leading fashion ecommerce platforms THE ICONIC, Dafiti, and ZALORA across ANZ, LATAM, and SEA.
The AGM approved the consolidated and annual accounts for the financial year ending December 31, 2025, and discharged current and former members of the Management Board and Supervisory Board for their mandates during the 2025 fiscal year. Shareholders also endorsed a revised Remuneration Policy, aligning executive compensation with long-term shareholder value. A key resolution granted the Management Board new authorization to acquire up to 20% of the company's fully paid-up common shares, a move that signals confidence in GFG's market position and financial health.
This authorization allows GFG to potentially repurchase shares, which can enhance shareholder value by reducing the number of shares outstanding or by providing flexibility for future strategic initiatives. The approval comes as GFG continues to navigate the competitive ecommerce landscape, leveraging its data-driven insights and local expertise to serve over 700 million consumers across its markets.
The company's commitment to responsible growth was underscored by its vision to be the #1 fashion and lifestyle destination in its markets while being people and planet positive. GFG's platforms offer a curated assortment of international, local, and own brands, delivering an exceptional customer experience from discovery to delivery.
A comprehensive list of all resolutions passed and detailed voting results are available on the Company website. For further information, inquiries can be directed to Saori McKinnon, Head of Investor Relations & Communications, via email at investors@global-fashion-group.com or press@global-fashion-group.com.
The AGM outcome underscores shareholder support for GFG's strategic direction and governance practices, positioning the company for continued growth in its key markets. As the fashion ecommerce sector evolves, GFG's focus on data-driven personalization and local market adaptation remains central to its competitive advantage.
