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.
This page provides historical news coverage for Global Blue Group Holding AG, which previously traded on the New York Stock Exchange under the symbol GB. The company described itself as a specialty payments and technology platform focused on the shopping journey, with activities in Tax Free Shopping, Payments, and Post-Purchase solutions.
The news archive includes company announcements, financial results, and transaction updates related to Global Blue’s operations and its acquisition by Shift4 Payments, Inc. Users can review releases describing Global Blue’s role in tax-free shopping and dynamic currency conversion, as well as communications outlining how it connected thousands of retailers, acquirers, and hotels with tens of millions of consumers across more than 50 countries.
Coverage also spans the period leading up to and including the tender offer launched by a Shift4 subsidiary, the subsequent squeeze-out merger under Swiss law, and the steps to delist Global Blue’s ordinary shares from the NYSE. These items document the transition from Global Blue’s status as an independent public company to its position as a wholly owned subsidiary of Shift4.
Investors and researchers can use this news history to understand Global Blue’s reported business focus in Tax Free Shopping, Payments, and Post-Purchase solutions, as well as the key milestones in the corporate transaction that led to the termination of its listing and reporting obligations. Bookmark this page as a reference point when examining Global Blue’s historical communications and corporate evolution under the GB ticker.
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Global Blue (NYSE:GB) reported a robust recovery in Tax Free Shopping across Continental Europe and Asia Pacific, with total Issued Sales in Store like-for-like reaching 110% in March 2023, improving from 90% in February and 102% in January. Key drivers include the return of Mainland Chinese shoppers, whose recovery rose to 49% in March compared to 22% in February. Continental Europe saw a recovery of 119%, with top-performing markets like Greece at 176%. Asia Pacific also showed significant growth, recovering to 93% in March from 74% in February. The company expects continued momentum as air capacity from Mainland China gradually increases.
Global Blue reports a robust recovery in Tax Free Shopping, achieving a 90% like-for-like recovery in February 2023 compared to pre-pandemic sales in February 2019. The decline from January's 102% is attributed to fewer Mainland Chinese shoppers. Continental Europe saw a full recovery at 100%, with non-Chinese markets reaching 149%. Strong performance from Gulf Cooperation Council citizens at 286% and US nationals at 284% was also noted. In Asia Pacific, recovery rose to 74%. Meanwhile, Mainland Chinese shopper recovery is gradually improving at 22% in Europe and 27% in Asia Pacific.
New data from Global Blue (NYSE:GB) highlights a robust recovery in Tax Free Shopping across Continental Europe and Asia Pacific. In January 2023, sales in Continental Europe recovered to 106% of pre-pandemic levels, bolstered by a 297% recovery rate from US nationals. Asia Pacific also showed strong performance, reaching 96% recovery, driven by a 385% recovery among Hong Kong and Taiwan nationals. The reopening of China's borders on January 8 has further accelerated the recovery of Chinese shoppers, with recovery rates of 22% in Continental Europe and 38% in Asia Pacific. Limited air capacity remains a challenge, but positive trends are evident.
Global Blue Group Holding AG will hold an Extraordinary General Meeting (EGM) on March 1, 2023, at 11:00 a.m. CET, followed by a Special Meeting for Series A Preferred Shareholders. Shareholder approval is sought for:
- Establishment of a capital band allowing share capital alterations up to CHF 3,142,193.39 until March 1, 2028.
- Replacement of existing authorized capital provisions with a new Article 4d.
Global Blue is a leader in Tax Free Shopping, offering technology and payment solutions to enhance retail performance.
Global Blue Group Holding AG (NYSE: GB) will release its financial results for Q3 and the nine-month period ending December 31, 2022, on February 27, 2023, prior to market opening. The results will include Management's Discussion and Analysis of Financial Position and Operations, along with unaudited Condensed Consolidated Interim Financial Statements and an investor presentation. An audio commentary featuring CEO Jacques Stern and CFO Roxane Dufour will be available. These resources can be accessed through Global Blue's Investor Relations page.