Kinnevik: Global Fashion Group receives required approvals

Investment AB Kinnevik ("Kinnevik") today announced that following receipt of all rulings by fiscal authorities and all antitrust approvals required for the creation of Global Fashion Group (GFG), the first roll-up into GFG has now been completed. Completion of the remaining roll-up transactions is expected in Q1 2015. GFG will operate across the five continents with a focus on growth markets, covering 23 countries with a EUR 330bn fashion market and population of over 2...

New York, 22/12/2014 (informazione.it - comunicati stampa - economia)

GFG will operate across the five continents with a focus on growth markets, covering 23 countries with a EUR 330bn fashion market and population of over 2.5bn people who continue to move rapidly online and purchase via e-commerce. GFG will market a wide assortment of leading international apparel and accessories brands, a tailored selection of highly engaging internally developed brands and local assortments developed for specific ethnic markets notably in India, Indonesia and the Middle East.

Kinnevik discloses the information provided herein pursuant to the Securities Market Act (Sw. ) and/or the Financial Instruments Trading Act (Sw. ). The information was submitted for publication on 22 December, 2014 at 08.00 am (CET).

www.kinnevik.se

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