The Global Fashion Group (GFG), which owns several e-commerce clones of Zalando in emerging markets, reported a 19 percent sales increase in net revenues to €256.4 million for the third quarter. The adjusted Ebitda loss declined by 2.8 percentage points to a still negative margin of 12.7 percent of revenues. With a stake of 35 percent, Sweden's Kinnevik is the major shareholder in GFG, which operates websites like Lamoda in Russia and Dafiti in Brazil.