€244.6m market cap
€39.45 last close
fashionette is an online platform for premium and luxury fashion accessories in Europe, with websites live in eight European countries. Geographically, the DACH region is its core, representing c 89% of revenue in FY19. It is seeking to diversify by geography and product offering.
fashionette aims to become the leading data-driven online platform for premium and luxury fashion accessories across Europe, replicating its success in Germany. Management expects revenue growth to exceed market growth (Statista forecast of 17% pa in 2020–23) as its geographic coverage and product offer is enhanced via a combination of organic and inorganic growth. In the near term, revenue growth could exceed profit growth as the company invests in building a strong customer base across more countries.