Global Brands Group news and archive

Global Brands promotes Ronald Ventricelli to COO, also appoints new CFO

Global Brands Group Holding Limited has announced two key executive appointments as part of the group’s new vision for long-term strategic growth. The company said, Ronald Ventricelli has been named Global Chief Operating Officer and President of North America, a newly created role at the group, and Mark Caldwell has been named Chief Financial...

Management

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...

Report

Richard 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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Reiss signs its first licensing agreement with Global Brands Group

Global Brands Group Holding Limited has announced that it entered into a five-year licensing agreement with contemporary British fashion brand Reiss, covering men’s and women’s footwear and accessories. Reiss joins Global Brands’ portfolio of fashion brands, including Calvin Klein, All Saints, Juicy Couture and Kenneth Cole. "With its modern and...

Management

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...

ManagementFeatured

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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AllSaints signs accessories licensing deal with Global Brands Group

London - Contemporary British fashion brand AllSaints has signed a licensing agreement with Global Brands Group (GBG) to expand its accessories range. The new agreement will see the Hong-Kong listed firm design, manufacture and distribute a range of women's and men's accessories for the brand, including footwear, socks, jewelry and cold weather...

Report

Global Brands Group: H1 profit up, revenues decline 3.5 percent

Global Brands Group Holding announcing its interim results for the six months ended September 30, 2017 said that revenues decreased by 3.2 percent to 1,785 million dollars compared to the same period last year. The company said decline in sales was driven by the shift of retail buying to later in the year, in addition to the anticipated...

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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...

ManagementFeatured

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...

BusinessFeatured

ABG acquires majority stake in Frye

Authentic Brands Group, LLC has announced the acquisition of a 51 percent stake in Frye from Global Brands Group Holding Limited. This is the first time ABG and Global Brands will co-own a brand. The two companies have had a long history of collaborating on the development of fashion lifestyle categories and retail strategies for ABG-owned...