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Global Blue Group Holding AG (symbol: GB) is a leading provider of Tax Free Shopping and payment solutions, catering to international travelers and retailers worldwide. The company facilitates millions of tax-free purchases every year, allowing tourists to reclaim VAT on eligible goods bought during their travels. In addition to tax refunds, Global Blue offers Currency Choice, a service that enables travelers to pay in their home currency, enhancing financial control and security.
Global Blue integrates its services seamlessly at points of sale through state-of-the-art technology, ensuring a smooth and efficient shopping experience. The company's mission is to become the go-to brand for all aspects related to international shopping, striving to build trust and recognition among shoppers and merchants alike.
With operations in over 50 countries, Global Blue connects a vast network of retailers, acquirers, and hotels to nearly 80 million consumers across three main industries: Tax Free Shopping, Payments, and Post-Purchase Solutions. These services streamline the shopping and payment journey for tourists, providing added value to all stakeholders involved.
Global Blue's extensive marketing efforts help communicate the brand's value proposition to potential customers even before they start their journey. The company aims to represent retailers globally while guiding shoppers through a seamless international shopping experience. Whether in Buenos Aires or Singapore, Global Blue is dedicated to enhancing the shopping experience for international travelers.
In recent years, Global Blue has focused on expanding its service offerings and technological capabilities to better serve its clients. The company's commitment to innovation and customer satisfaction has solidified its position as a leader in the industry.
Global Blue Group Holding AG (NYSE: GB) announced an amendment to a $75 million liquidity facility with SL Globetrotter, L.P., extending its availability to July 8, 2022. This facility aims to support the company's working capital needs amidst a resurgence in travel and shopping due to easing COVID-19 restrictions. The company anticipates utilizing the facility in the coming months to enhance operational capacity as international shopping increases.
Global Blue has acquired a minority share in Twig, a UK-based fintech startup revolutionizing the payment landscape with its sustainable payment solution. Twig enables consumers to convert pre-owned fashion and electronics into currency for purchases across various retailers, enhancing sustainability and appealing to Gen Z's demand for circular solutions. This investment is part of Global Blue's strategy to integrate innovative technologies and improve retailer performance. The partnership is expected to augment Twig's market reach and expand its service offerings.
Global Blue has acquired a minority stake in TOSHI, a retail logistics tech company that enhances the luxury shopping experience. This investment allows Global Blue to expand its omnichannel offerings, addressing the gap between online and in-store luxury services. TOSHI's SaaS technology facilitates same-day delivery options, client scheduling, and offers services like 'Try Before You Buy'. Currently operating in the UK and USA, TOSHI plans to expand into Europe and Asia. The partnership will enable cross-selling opportunities between TOSHI and Global Blue's services.
Global Blue Group Holding AG (NYSE:GB) will release its earnings results for Q3 and nine-month period ended December 31, 2021, on March 4, 2022, before market opening. This release includes the Management’s Discussion and Analysis of Financial Position and Results of Operations, alongside the Consolidated Financial Statements and an investor presentation. An audio commentary featuring CEO Jacques Stern and CFO Loic Jenouvrier will also be available. Investors can access these materials via the Investor Relations section of the company’s website.
Global Blue Group Holding AG (NYSE: GB) will release its second quarter and half-year results for the period ended September 30, 2021, on December 10, 2021. The announcement includes the Management’s Discussion and Analysis (MD&A) and Consolidated Financial Statements. Additionally, commentary by CEO Jacques Stern and CFO Loic Jenouvrier will be available. Investors can access the materials on the Global Blue website under the ‘Investors’ section.
At the Altagamma Luxury Observatory Conference in Milan, Global Blue presented data revealing a robust recovery in Continental Europe’s Tax Free Shopping market. Tax Free spending averaged 38% of pre-pandemic levels this summer, peaking at 40% in August. Recovery was primarily driven by luxury shoppers from the GCC (86% of 2019 levels) and the US (73%). Newly eligible UK shoppers contributed significantly, averaging €1,500 in spend, over twice the European average. A recent survey showed 70% of international shoppers are keen to travel again, indicating positive market sentiment.
Global Blue (NYSE:GB) has increased its stake in Yocuda, a leading digital receipt provider, to 56%. This acquisition enhances Global Blue's RetailTech portfolio, aiming to empower retailers through personalized digital receipts that boost customer engagement. Yocuda's technology, with a 75% open rate, allows retailers to deliver tailored communications post-purchase and supports ESG goals by eliminating paper receipts. The partnership is expected to drive geographical expansion and new business opportunities across Europe and Asia, leveraging Global Blue's extensive network.
Global Blue Group Holding AG (NYSE: GB) announced it will release its Q1 results for the three-month period ending June 30, 2021, on September 3, 2021. The earnings release will include Management’s Discussion and Analysis and Consolidated Financial Statements, along with an Investor presentation. An audio commentary from CEO Jacques Stern and CFO Loic Jenouvrier will also be available. The materials will be accessible on the company’s website under the Investors section.
Global Blue Group Holding AG will conduct its Annual General Meeting (AGM) of Shareholders on September 15, 2021, at 11:00 CEST in Zurich, Switzerland. Preparatory documents are accessible in the Investor Relations section of their website. Global Blue, a leader in Tax Free Shopping, processed 35 million transactions worth €18.5 billion and 31 million Added-Value Payment Solutions transactions valued at €4.4 billion for the fiscal year ending March 31, 2020. The company is listed on NYSE under the ticker GB.
Global Blue Group Holding AG (NYSE: GB) will release its financial results for the fiscal year ending 30th March 2021 today, 28th June 2021. This report includes comprehensive financial statements and a Management's Discussion and Analysis (MD&A). An audio commentary featuring CEO Jacques Stern and CFO Loic Jenouvrier will also be available. Global Blue continues to lead in Tax Free Shopping, processing 35 million transactions worth €18.5 billion in the previous fiscal year.
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