Rocket Internet, which went public last October, is preparing a similar IPO for the Global Fashion Group (GFG), an entity it created last year to bundle its major e-commerce operations outside Europe, according to the German Manager magazine. GFG's fast-growing clones of Zalando continued to generate losses in 2014, but they were lower than before. Namshi, its web store for the Middle East, had the best performance, reducing its negative operating margin (Ebitda) to 3 percent while its sales jumped by 215 percent to the equivalent of €41 million. Lamoda in Russia had a negative Ebitda margin of 23 percent on 84 percent higher sales of €165 million. In Brazil, Dafiti had a negative margin of 35 percent on 41 percent higher revenues of €172 million. India's Jabong reduced its losses, posting a negative margin of 58 percent on 135 percent higher sales of €114 million. In the rest of Asia, Zalora raised its sales by 70 percent to €177 million and its negative margin declined to 58 percent.