Welcome to our dedicated page for Global Blue Group Holding news (Ticker: GB), a resource for investors and traders seeking the latest updates and insights on Global Blue Group Holding stock.
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) will announce its financial results for the first fiscal quarter ended June 30, 2022, on September 2, 2022, prior to market opening. The earnings release will feature Management's Discussion and Analysis, unaudited financial statements, and an investor presentation. An audio recording of a commentary by CEO Jacques Stern and CFO Roxane Dufour will be available shortly after. Additionally, Global Blue provides Tax Free Shopping, Payments services, and RetailTech solutions, facilitating millions of transactions annually for retailers and enhancing the customer experience.
Global Blue Group Holding AG (NYSE: GB) has finalized a $225 million investment agreement with CK Opportunities Wolverine S.a.r.l. The funding includes $180 million in Series B preferred shares and $45 million in common shares. The investment aims to support strategic acquisitions in Payment and omnichannel Retail Technology, alongside boosting working capital for its recovering Tax-Free Shopping business post-COVID-19. This move underscores Global Blue's commitment to enhancing its technological and service offerings across various sectors.
Global Blue Group Holding AG (NYSE: GB) will announce its financial results for the fourth quarter and full year ending March 31, 2022, on June 29, 2022, before market opening. The earnings release will include a Management Discussion and Analysis along with Consolidated Financial Statements and an investor presentation. An audio recording featuring CEO Jacques Stern and CFO Roxane Dufour will also be available. Global Blue operates in tax-free shopping, payments services, and complementary RetailTech, facilitating millions of transactions at retailers worldwide.
At the Walpole Luxury Summit in London, Global Blue (NYSE:GB) revealed promising data about the rebound of Tax Free Shopping in continental Europe. In early 2022, Tax Free Shopping recovery peaked at 66% in March compared to pre-pandemic levels, driven by pent-up demand and tourism recovery. Shoppers from the GCC, US, and regional European countries surpassed 2019 spending levels, achieving recoveries of 175%, 119%, and 106%, respectively. The ongoing appetite for travel continues to fuel this positive trend in the market.
Global Blue Group Holding AG (NYSE: GB) has entered an investment agreement with CK Opportunities Fund I, LP for
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.
FAQ
What is the current stock price of Global Blue Group Holding (GB)?
What is the market cap of Global Blue Group Holding (GB)?
What does Global Blue Group Holding AG do?
How does Global Blue's Tax Free Shopping work?
What is Currency Choice?
In how many countries does Global Blue operate?
What industries does Global Blue serve?
How does Global Blue integrate its services?
What is Global Blue's mission?
Who are the primary stakeholders of Global Blue?
How does Global Blue support its clients?
What recent achievements has Global Blue made?
