Global Fashion Group to postpone IPO on low investor demand - sources
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FRANKFURT (Reuters) - Global Fashion Group (GFG), an online fashion retailer focused on Asia and Latin America that has yet to make a profit, is postponing its initial public offering due to low investor demand, two people close to the matter said. More time was needed to talk to investors and the IPO would take place later, they added.GFG, which had been expected to wrap up its bookbuilding on Tuesday, declined to comment.Investors had expressed scepticism about investing in the company which..