Global Brands Group H1 revenues decline but EBITDA improves

Global Brands Group Holding Limited, for the six months ended September 30, 2019, reported revenue decline of 5.2 percent compared to the same period last year. The company said in a statement that the group’s total margin increased 600 basis points, from 27.2 percent to 33.4 percent, as a percentage of revenue due to reduction of off-price sales levels and the strengthening of sourcing capability, as the group moved certain functions closer to the needlepoint, where production is located.