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 Ltd (GB) delivers innovative tax-free shopping and payment solutions for international travelers across 40+ countries. This news hub provides investors and industry professionals with timely updates on operational developments, financial performance, and strategic initiatives shaping the global retail finance sector.
Access curated press releases and analysis covering key areas including quarterly earnings, merchant network expansions, technology partnerships, and regulatory updates. Our repository simplifies tracking GB's market position through verified updates on its core services: tax refund solutions, cross-border payment processing, and digital consumer engagement tools.
Bookmark this page for structured access to critical updates affecting GB's role in connecting 300,000+ retailers with international shoppers. Monitor developments in real-time currency conversion systems, VAT recovery innovations, and partnership announcements with major financial institutions.
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.
In December 2022, Global Blue reported a strong recovery in Tax Free Shopping, achieving 107% of pre-pandemic levels in Continental Europe and 90% in the Asia Pacific region compared to December 2019. US nationals led the recovery, with a remarkable 244% increase in issued sales. Japan surpassed 2019 levels, and the reopening of China's borders on January 8, 2023, is expected to boost further recovery. Key European countries such as Portugal and Greece exhibited significant growth, achieving recovery rates of 148% and 134%, respectively.
Global Blue Group Holding AG (NYSE: GB) will present at the CJS Securities 23rd Annual New Ideas for the New Year Conference today.
New data from Global Blue reveals a robust recovery in Tax Free Shopping across Asia Pacific and a steady return to 2019 levels in Continental Europe. In November, issued Sales in Store like-for-like in Continental Europe hit 102%, led by US nationals and Gulf Cooperation Council citizens, while Asia Pacific saw an 81% recovery due to lifted sanitary measures in Japan and South Korea. Notably, US nationals demonstrated a remarkable recovery at 248%. Portugal (163%) and France (123%) led the recovery across European destinations.
Global Blue's latest data indicates a robust recovery in Tax Free Shopping across Asia Pacific and Continental Europe. In October, Continental Europe showed a recovery of 102% compared to 2019, while Asia Pacific reached 68%. Significant contributions came from US nationals and Gulf Cooperation Council citizens, with recoveries of 262% and 256%, respectively. Destination markets like Portugal, Greece, and France have shown strong growth, despite the absence of Chinese tourists. Improved travel conditions in Japan and South Korea are accelerating regional recovery.
Global Blue Group Holding AG (NYSE: GB) is set to release its financial results for Q2 and the half-year period ending
New data from Global Blue indicates a strong recovery in Tax Free Shopping, particularly in Continental Europe and Asia Pacific. In September 2022, recovery in Continental Europe reached 108% compared to 2019, driven by US and Gulf Cooperation Council customers with recoveries of 253% and 247%, respectively. In contrast, recovery for Chinese nationals remains low at 11%. Meanwhile, Asia Pacific's recovery stabilized at 51%. Upcoming easing of travel restrictions in Japan and South Korea is expected to further boost recovery.
Global Blue (NYSE:GB) has acquired a majority stake in Shipup, a leader in post-purchase technology for e-commerce, set to close by the end of October 2022. This strategic move enhances Global Blue's ecosystem, enabling retailers to improve customer satisfaction and reduce service complaints, with Shipup's solutions reportedly increasing customer satisfaction by up to 140% and repeat purchases by about 19%. Shipup serves over 370 brands globally, marking a significant expansion in Global Blue's RetailTech offerings.
Global Blue Group Holding AG (NYSE: GB) will announce its first fiscal quarter results for the period ending June 30, 2022, on September 2, 2022, before market opening. The announcement will include Management's Discussion and Analysis 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 materials will be accessible on the Investor Relations section of the company's website.
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