Global Brands Group news and archive

Global Brands Group H1 sales decline by 46 percent

Global Brands Group Holding Limited, during the six months to September 30, 2020 saw the closure of retail stores in global markets, which the company said, affected customers, retailers, and brand owners as social distancing restrictions were implemented around the world due to the Covid-19 pandemic. As a result of which, the group’s revenue...

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Global Brands Group appoints Eno Polo as president of Europe

Eno Polo has been named president of Europe for Global Brands Group, a leading branded apparel, footwear and brand management company. Polo had previously served as the company's executive vice president for a year before moving to Alpargatas S.A., where he has held the role of president of North America since 2017. Polo is a highly respected...

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Global Brands Group to sell loss-making kids business in China

For the six months ended September 30, 2018, Global Brands Group’s revenue on a like-for-like basis, excluding the impact of the divestment of select North American businesses, decreased by 4.1 percent to 699 million dollars, compared to the same period last year, which the company said is mainly due to a decrease in China Kids and Home...

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Rick Darling named CEO of Global Brands Group

Following the sale of certain North American business to Differential Brands Group for 1.2 billion dollars, Global Brands Group has announced that with effect from October 30, 2018, Richard Nixon Darling has been appointed as an Executive Director and Chief Executive Officer of the company to lead the company’s remaining businesses, replacing...

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Global Brands Group: Full year revenues increase 3.4 percent

Global Brands Group’s revenue for the year to March 31, 2018, increased by 3.4 percent to 4,023 million dollars, compared to last year. The company said , this increase was offset, by Coach taking their footwear business in-house when their license expired in June 2017, and the cessation of the Quiksilver kids fashion license due to the company...

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Differential to acquire majority stake in GBG’s North America business

Differential Brands Group Inc. has entered into a definitive purchase agreement with Global Brands Group Holding Limited (GBG), to acquire a significant part of GBG’s North American licensing business, for a purchase price of 1.38 billion dollars. GBG's North America business is comprised of licensed brands such as Disney, Star Wars, Calvin...

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Global Brands Group issues profit warning

The board of directors of the Global Brands Group has declared that based on its preliminary assessment of the latest unaudited consolidated management accounts of the group, it expects the company to record a net loss of between 70 million dollars and 75 million dollars compared with a net profit of approximately 90 million dollars for the 12...

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Global Brands Group posts 11.6 percent rise in annual revenue

Announcing its first set of 12-month results since moving the company’s financial year end date to March 31, Global Brands Group said that it achieved a solid performance despite a tough business environment. During the reporting period, the group revenue increased by 11.6 percent to 3,891 million dollars. The company’s total margin improved...

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Katy Perry launching shoe collection with Global Brands

New York - These days, you aren't a real pop star if you don't have a fashion collection to go alongside your entire branded image. Just look at Beyonce with Ivy Park and Rihanna with Fenty. The latest pop star to throw her crown into the fashion ring is Katy Perry. The musician is teaming up with Global Brands Group to sell her new shoe line....

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Global Brands Group reports rise in revenues at the end of 15 months

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...

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Global Brands Group FY15 net profit up 11.9 percent

Global Brands Group Holding, in its second interim results for the 12 months ended December 31, 2015 has said that its overall turnover stood at 3,423 million dollars, compared to 3,454 million dollars for the same period in 2014. “The financial performance we achieved for 2015 despite a challenging market environment is a testament to the...