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...

Business

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...

BusinessFeatured

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...

People

Global Brands Group announces board changes

The board of directors of Global Brands Group has announced that Professor Hau Leung Lee, an independent non-executive director, has been re-designated as a Non-executive Director and now he ceases to be the chairman of the remuneration committee of the company following his appointment as the chairman of the Fung Academy. Fung Academy is a...

BusinessFeatured

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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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...

Fashion

Amigo Sports woos Indian FIFA fans

Amigo Sports has announced the launch of its FIFA Collections in India. Amigo Sports has entered into an exclusive licensing agreement with Global Brands Group the master licensee of the FIFA brand globally. Through this agreement Amigo sports has exclusive rights to manufacture, distribute and retail official FIFA merchandize across India. The...