Global Blue Group Holding Ltd Stock Price, News & Analysis

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 $225 million. This includes $180 million in Series B preferred shares priced at $8.50 each and $45 million in common stock at the closing price of $5.24. CK Opportunities will own over 13% of Global Blue post-issuance. The funds aim to support strategic acquisitions and enhance the Tax-Free Shopping business amid recovery from Covid-19 impacts.

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.