Global Blue news and archive

Resale tech solution Reflaunt secures 11 million US dollars in funding

Reflaunt, the resale technology solution used by Balenciaga and Net-A-Porter, has secured 11 million US dollars in a Series A funding round to accelerate the circular growth of the fashion industry. The funding round was led by Shanghai-based Ventech China, Global Blue and Bombyx Growth Fund, along with participation from early investors...

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Retail

US and Russian shoppers to “boost” Christmas spend

International shoppers from the US and Russia will give the UK economy a “boost” in the run-up to Christmas, according to new research. Tourism shopping tax-refund company Global Blue is predicting that over the next 90 days that there will be a 14 percent increase in tax-free transactions from American shoppers and a 7 percent increase from...

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Management

'The Meghan effect': US shopper spending increases in the UK

London - The number of US shoppers visiting the UK rose by 30 percent in March compared to last year, with our neighbours across the pond now accounting for as much as 7 percent of the total tax free sales in the UK, new research shows. The latest insight from Global Blue revealed that the UK now captures 24 percent of all the US tax-free...

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Interview: Kimberly Urbaniak, Marketing Sales Manager at Global Blue

Career in fashion is an important issue on FashionUnited. With this interview series, we would like to show how versatile the industry is and introduce the professionals who work in fashion. Recently, we talked to Kimberly Urbaniak, the Marketing Sales Manager at Global Blue in charge of the new Luxury Mayfair VIP Lounge. A visit to the London...

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People

Derrick Hardman steps in as Managing Director of Global Blue in the UK and Ireland

Global Blue, leader of Tax Free Shopping Industry, has appointed Derrick Hardman as the new Managing Director of the UK and Ireland. Hardman previously served as Chief Operating Officer at Edenred UK and Managing Director of the Incentive & Motivation business at Edenred. “I’m thrilled to join the great team that make up the Global Blue family,”...

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Retail

Global Blue launches new and improved Tax Free shopping app

London - Global Blue, tax-free shopping and currency provider, has launched its new and improved Shop Tax-Free app. Designed to offer international shoppers a seamless and personalized experience during every stage of their tax-free shopping trip, the app offers new features such as the live tracking of tax refunds, advanced mapping, and a...

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Management

Brexit to continue boosting tourist spend in the UK throughout 2017

London - The devaluation of the pound following the Brexit vote last year may have shaken many, but it did have one positive effect - an influx in tourists and visitor spend. The latest data from tax free shopping service Global Blue, indicates tourist spend soared 14 percent in 2016 in comparison 2015. Retailers across the country continue to...

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Report

Global Tax free spend remain negative in April

London - Global Tax Free shopping spend (TFS) remained negative in April, as both Asia and Europe reflect double digit slowdown, highlighting the pull of the luxury slow down according to the latest data from tax free specialist Global Blue. Regional sales dropped both in Europe, down 16 percent year on year and Asia, down 10 percent year on...

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Business|REPORT

China remains #1 global shopper market

London - Chinese global shoppers are to remain a lucrative market for international retailers, despite the recent turbulence witnessed, reports tax free shopping provider Global Blue. March 2016 saw Chinese tax free shopping spend drop 24 percent year-on-year, after a period of slow growth in the first two months of the year. This decline, which...

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“Chinese New Year is still a key period for UK retail”

In spite of fears concerning an economic slowdown in China, with the devaluation of the Yuan and stock market troubles causing luxury retailers to question the demand from Chinese consumers anno 2016, retail tourism experts Global Blue believe that the Chinese New Year, which runs from February 8 to 14, will still kick off to a positive start...