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Europe's top Internet group has faced increasing concerns from
investors about the scale of losses at its start-ups ranging
from online fashion to food delivery, as well as delays to
planned listings due to volatile markets.
The stock has tumbled in recent weeks following a cut in the
valuation of its fashion ecommerce sites to 1 billion euros
($1.1 billion) in late April, a third of the figure put on the
business when it last raised funds in August.
Rocket shares were trading at 20.06 euros at 0849 GMT on Monday,
down from a year high of 46.65 euros on May 4 last year.
Asked why Rocket had to raise capital so quickly for Global
Fashion Group (GFG), which groups sites in six emerging markets,
Samwer Samwer told Sueddeutsche Zeitung in an interview
published on Monday that business was tough in some countries,
like India, and liquidity needs possibly evaluated wrongly.
(Reporting by Alexander Huebner; Writing by Tina Bellon; Editing
by Alexander Smith)
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