Global Fashion Group S.A. (GFG) held its Annual General Meeting (AGM) in Luxembourg on May 20, 2026, with 58.32% of voting rights represented. Shareholders approved all resolutions on the agenda, including the consolidated and annual accounts for the fiscal year ended December 31, 2025. The meeting also discharged current and former Management Board and Supervisory Board members for their mandates during 2025, approved a revised Remuneration Policy, and granted new authorization to the Management Board to acquire up to 20% of the company's fully paid-up common shares.
This AGM outcome underscores shareholder support for GFG's strategic direction and governance practices. The approval of the revised Remuneration Policy is particularly significant as it aligns executive compensation with long-term performance and shareholder interests. The authorization for share buybacks provides the company with flexibility to manage its capital structure, potentially enhancing shareholder value.
GFG operates as a leading fashion and lifestyle destination across ANZ, LATAM, and SEA through its three ecommerce platforms: THE ICONIC, Dafiti, and ZALORA. The company serves a diverse market of 700 million consumers, offering a curated mix of international, local, and own brands. The AGM results reflect confidence in GFG's ability to navigate the evolving retail landscape and execute its vision to be the #1 fashion and lifestyle destination in its markets.
Detailed voting results and the full list of resolutions are available on the Company website. The announcement was made via NewMediaWire.
