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) 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.
In its latest ‘Observatory’ report, Global Blue (NYSE:GB) explores the effects of recent UK Tax Free Shopping legislation changes on international shopping behavior in Europe. With UK borders reopening on May 17, 2021, 65% of UK tourists plan to travel abroad this year, particularly to Spain, Greece, Italy, Portugal, and France. UK tourists, now eligible for Tax Free Shopping in the EU, are expected to spend approximately €1.1 billion annually in Europe. The abolition of the UK’s Tax Free Shopping is projected to redirect €1.5 billion of shopping budgets to EU countries, mainly France and Italy.
Global Blue has announced the launch of Global Blue Ventures, aimed at investing in innovative retail technology solutions. Established in 2019 and launched officially in April 2021, this initiative seeks to enhance the company's omnichannel technology and payment strategies. Global Blue Ventures will focus on three verticals: eCommerce, store digitalization, and clienteling, with a goal to improve retailer performance. The initiative has already led to partnerships with key players like Yocuda and ZigZag Global.
Global Blue has announced the acquisition of ZigZag, a SaaS platform for managing e-commerce returns, in a strategic effort to enhance profitability and consumer experience in retail. E-commerce returns average over 40%, making ZigZag's digital solutions crucial. The acquisition is fully funded by raising $70 million via a private placement to institutional investors, with the transaction expected to close by March 2021. Both companies aim to leverage their technologies to optimize services and grow their market presence in the booming e-commerce sector.
Global Blue Group Holding AG (NYSE: GB) will publish its Q3 review today, 3rd March 2021, covering the period from 1st October 2020 to 31st December 2020, along with a year-to-date review from 1st April 2020 to 31st December 2020. This release includes financial statements, a Management’s Discussion and Analysis (MD&A), and an investor presentation, all accessible on their corporate website. Global Blue has been a leader in Tax Free Shopping for 40 years, enabling over 29 million international shoppers to reclaim VAT on purchases and offering various solutions to merchants and acquirers.
Global Blue Group Holding AG (NYSE: GB) will publish its financial results for the half-year ended 30th September 2020 today, 15th December 2020. This report will include financial statements, Management’s Discussion and Analysis, and an investor presentation. An audio commentary featuring CEO Jacques Stern and CFO Loic Jenouvrier will also be available. Global Blue has pioneered Tax Free Shopping for 40 years, processing 35 million transactions totaling €18.5 billion in the fiscal year ending March 2020.
Global Blue's latest quarterly report reveals a strong desire among international shoppers to resume overseas travel, with 66% ready to travel as border restrictions ease—up from 60% in July 2020. Affluent and Frequent shoppers lead this trend, with 72% eager to travel once quarantines are lifted. Asian destinations are expected to see quicker recovery, particularly from Chinese and South East Asian shoppers. Meanwhile, American and Russian shoppers are set to drive Europe's recovery, with 65% of Americans feeling safe visiting Europe.
On October 27, 2020, Global Blue Group Holding AG (NYSE: GB) announced the posting of an Investor Presentation on its corporate website. This presentation includes forward-looking statements and will precede the company's half-year financial results, set to be published in early December 2020, followed by an investor call. Global Blue is recognized as a leader in Tax Free Shopping, facilitating over 35 million transactions worth €18.5 billion in FY 2020. The company serves over 29 million international shoppers and partners with more than 300,000 points of sale globally.
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?
