71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
By
Reuters
Published
Sep 20, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Cash-flush Rocket Internet lifted by $175 million buyback plan

By
Reuters
Published
Sep 20, 2018

German e-commerce company Rocket Internet responded to investor calls to use some of its 2.1 billion euro cash pile on Thursday with a plan to buy back shares worth up to 150 million euros ($175 million), 3.6 percent of its outstanding stock.

Zalora


Shares in Rocket, which had a shaky start after listing in 2014 but have risen by more than a third this year after the IPOs of start-ups Delivery Hero, HelloFresh and Home24, were up by 3.3 percent at 0716 GMT.

Rocket’s online furniture retailer Westwing also announced plans for a listing in Frankfurt last week.

However at around 28 euros, Rocket shares are still well under the 42.5 euros price when it listed, putting pressure on Chief Executive Oliver Samwer, who wants to be ready to invest in new companies, to return some cash to shareholders.

“We are looking at a number of opportunities where we potentially will deploy several dozens or several hundreds of millions,” Samwer told journalists on Thursday.

Sectors of interest include in fintech, software, artificial intelligence and online market places, Samwer added.

Samwer reiterated that Rocket’s loss-making African e-commerce group Jumia, also a possible candidate for a listing, would seek to raise capital over the next 24 months.

Rocket said Jumia saw gross merchandise volume - the value of goods sold via the site - rise 62 percent to 163 million euros in the second quarter, a slight deceleration from the 71 percent growth it saw in the first quarter.

Rocket’s other major holdings - Delivery Hero, HelloFresh, Home24, Westwing and Global Fashion Group (GFG) - had already reported quarterly figures.

© Thomson Reuters 2024 All rights reserved.