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 declaring bankruptcy. The company also announced its decision to sell a substantial part of its North American branded business to Differential Brands Group Inc. for a cash consideration of 1.38 billion dollars.