THE ICONIC Secures AUD 45 Million in Credit Facilities

Global Fashion Group S.A. (GFG) has announced a significant financial move for its ANZ business, THE ICONIC. The company has secured AUD 45 million (EUR 25 million) in new credit facilities from National Australia Bank (NAB). This arrangement includes a AUD 30 million revolving credit facility and AUD 15 million in bank guarantees and letters of credit. These facilities are set to continue until January 2028.

The new credit facilities are a testament to THE ICONIC’s strong financial performance in the past year. With a 7% year-on-year growth in Net Merchandise Value (NMV) and a Gross Margin of 49%, ANZ has shown robust financial health. The facilities will assist in managing seasonal cash flow and supporting major commercial obligations.

GFG has consistently demonstrated growth across its key markets with significant increases in NMV, Revenue, and Active Customers. The new facilities further bolster THE ICONIC’s ability to seize market opportunities and sustain its positive momentum in Australia and New Zealand.