Rocket Falls After Fashion Group Writedown Hurts Profits

  • Stock falls as much as 12 percent, most in four months
  • Jefferies says valuation methodology is ‘overconfident’

Rocket Internet SE shares fell the most in more than four months after a writedown of e-retailer Global Fashion Group contributed to a first-half loss of 617 million euros ($690 million) at the German startup factory.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.