Global Brands Group revenue for the 15- month period from January 1, 2015 to March 31, 2016 increased to 4,118 million dollars. This increase, the company said, was partially offset by a depreciation of the euro, the tail end effect of the Group’s exit from certain underperforming brands, and an unseasonably warm winter in North America.

“Since Global Brands’ independent listing two years ago, our business has progressed along a steady growth trajectory. We have focused on leveraging our competitive strengths as we grow around our core segments. Today, we enjoy a unique position in our industry as no other company operates in the same space in the categories in which we specialize, at our vast scale, across so many countries and regions, and with such deep expertise,” said Bruce Rockowitz, Chief Executive Officer and Vice Chairman of Global Brands Group.

Gross margin expanded to reach 33.5 percent

The Group’s total margin has continued to trend up since 2013, reaching 1,379 million dollars, or 33.5 percent as a percentage of revenue, for the reporting period. For the reporting period, core operating profit was 75million dollars, while net profit for the period was 25million dollars.

Commenting on the trading, Dow Famulak, President and Chief Operating Officer of Global Brands Group, said, “Our kids category remains a highly successful franchise delivering consistently positive results, while our footwear and accessories business also performed well, particularly our key footwear brands. We will continue to expand our footprint in Europe and in Asia, as well as look for new avenues to further build upon our already strong presence in the US.”

Going forward, and beginning from its interim results announcement in November 2016, Global Brands will provide additional segmental disclosure around four core operating verticals namely - kids; men's and women's fashion; footwear and accessories; and brand management.

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