Global Brands Group news and archive

Global Brands Group files for Chapter 11 bankruptcy

The North American arm of Global Brands Group (GBG) has filed for Chapter 11 bankruptcy. The news was reported by WWD. In a court filing in the New York Southern District bankruptcy court on Thursday, GBG USA Inc. disclosed 1 billion and 10 billion dollars in assets and liabilities, and listed between 1000 to 5000 creditors. They currently owe...

Fashion

Fiorelli launches first recycled collection

Accessories brand Fiorelli, owned by Global Brands Group, has launched its first recycled capsule collection, Recover. The collection features five shapes, including the ‘Waves’ backpack in three sizes, the ‘Marina Tote’ and the ‘Cove Crossbody’ bag. Each item in the capsule is made from approximately eight to 22 recycled plastic bottles and...

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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 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...

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People

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 cuts losses, revenue improves 4.6 percent

Global Brands Group Holding Limited, announcing its results for the 12-months ended March 31, 2019 said that revenue of the group’s continuing operations decreased by 4.6 percent compared to last year, primarily due to eliminating unprofitable businesses. While net loss of the continuing operations increased to 250 million dollars, net loss...

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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...

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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...

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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...

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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...

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Management

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...