Global Blue | Jotup

Reintroducing Global Blue to Retailers and Shoppers Worldwide

Retrieved on:

Mardi, mars 19, 2024

Technology, Retail, Other Professional Services, Business, Apps, Applications, Banking, Online Retail, Electronic Commerce, Professional Services, Payments, Other Technology, Other Retail, Marketing, Communications, Global Blue, Online shopping

Over 40 years ago, Global Blue pioneered the concept of Tax Free Shopping, changing the retail landscape and empowering international shoppers worldwide.

Key Points:

Over 40 years ago, Global Blue pioneered the concept of Tax Free Shopping, changing the retail landscape and empowering international shoppers worldwide.
Within these industries, Global Blue consistently leverages its integrated software and data to bring value at every step of the journey and take shopping further.
During this repositioning, Global Blue is focused on seamlessly facilitating the shopper's journey across all touchpoints.
Additionally, physical locations, including Global Blue VIP Lounges and the Refund point network, will be completely rebranded by summer.

Global Blue Releases the Monthly Tax Free Shopping Business Update for February 2024

Retrieved on:

Jeudi, mars 7, 2024

Technology, Payments, Other Retail, Professional Services, Retail, Destinations, Other Professional Services, Travel, Online Retail, Spend, Growth, GCC, Global Blue, Acceleration

New data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping remains strong across Continental Europe and Asia Pacific.

Key Points:

New data from Global Blue reveals that the global dynamic recovery for Tax Free Shopping remains strong across Continental Europe and Asia Pacific.
In terms of origin markets, GCC shoppers benefited from the seasonal shift of the pre-Ramadan shopping acceleration, reaching 404%1 recovery in February vs. 273%1 in January.
When analyzing the year-on-year variation in Tax Free Shopping growth, issued Sales in Store in Continental Europe grew by +32%2 in February 2024 vs. last year.
Influenced by the pre-Ramadan period, GCC shoppers continued to show strong growth at +43%2, while US shoppers’ Tax Free Spend reached +12%2.

Global Blue Delivers a Strong Q3 FY23/24 Financial Performance, With Continued Double-digit Growth, Healthy Profitability, and Active de-Leveraging

Retrieved on:

Vendredi, février 23, 2024

The recovery in Continental Europe reached 125% in January 2024 vs. 118% in Q3 FY23/24 (+7ppts).

Key Points:

The recovery in Continental Europe reached 125% in January 2024 vs. 118% in Q3 FY23/24 (+7ppts).
US, GCC and regional European shoppers continued to drive the recovery in Continental Europe in January, with recovery at 290%, 273% and 209% respectively.
The willingness to travel of Chinese shoppers, based on Global Blue’s proprietary survey, remained strong, reaching 76% in January 2024.
In conclusion, Global Blue should be well placed to benefit from the progressive reopening of Mainland Chinese international travel.

Global Blue Releases the Monthly Tax Free Shopping Business Update for January 2024

Retrieved on:

Jeudi, février 8, 2024

Other Travel, Other Retail, Payments, Travel, Technology, Online Retail, Retail, Other Technology, Spend, Global Blue, Growth, GCC

Fresh data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific.

Key Points:

Fresh data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific.
Globally, issued Sales in Store like-for-like recovery reached 135%1 in January 2024 compared to the same period in 2019, vs. 127% in Q4 ’23.
Regarding origin markets, US shoppers sustained a strong level of recovery, reaching 290%1 in January vs. 248%1 in Q4 ’23.
When analyzing the year-on-year variation in Tax Free Shopping growth, Issued Sales in store in Continental Europe grew by +17%2 in January 2024 vs. last year.

Global Blue Releases the Monthly Tax Free Shopping Business Update for December 2023

Retrieved on:

Jeudi, janvier 11, 2024

Software, Payments, Professional Services, Technology, Electronic Commerce, Online Retail, Fintech, Retail, Global Blue, Travel, GCC, Acceleration

Fresh data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained solid across Continental Europe and Asia Pacific compared to previous months.

Key Points:

Fresh data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained solid across Continental Europe and Asia Pacific compared to previous months.
Globally, issued Sales in Store like-for-like recovery reached 130%1 in December versus 125%1 in October/November and 123%1 in Q3 ’23.
In Continental Europe, the recovery remains solid reaching 121%1 in December vs. 117%1 in October/November and 119%1 in Q3 ’23, despite the events in Palestine.
GCC shopper recovery also remains solid at 230%1 in December, vs. 248%1 in October/November and 200%1 in Q3 ‘23.

Global Blue Releases the Monthly Tax Free Shopping Business Update for November 2023

Retrieved on:

Jeudi, décembre 7, 2023

Mobile, Wireless, Technology, Other Retail, Other Technology, Professional Services, Data Management, Supply Chain Management, Retail, Online Retail, Other Professional Services, NYSE, Global Blue, Gulf Cooperation Council, Acceleration, Tax-free shopping, Travel, Hong Kong

New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained stable across Continental Europe, with a continued acceleration in Asia Pacific.

Key Points:

New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained stable across Continental Europe, with a continued acceleration in Asia Pacific.
Globally, issued Sales in Store like-for-like recovery reached 127%1 in November versus 123%1 in October and Q3 ’23.
This solid performance is mainly due to an increase in Gulf Cooperation Council and Mainland Chinese shopper activity.
Excluding Mainland Chinese and Russian shoppers, the recovery in November would have reached 150%1 vs. 154%1 in October and 157%1 in Q3 ‘23.

Global Blue Reports Q2 FY23/24 Financial Results, Delivering Growth and an Improved Capital Structure

Retrieved on:

Mercredi, novembre 29, 2023

In summary, Global Blue should be well placed to benefit from the progressive reopening of Mainland Chinese international travel.

Key Points:

In summary, Global Blue should be well placed to benefit from the progressive reopening of Mainland Chinese international travel.
In September 2023, the Group issued guidance and long-term targets as it continues to benefit from the strong growth drivers of the business; Global Blue Group Holding AG - Global Blue Introduces Financial Guidance and Long-term Targets .
On that basis, Global Blue is targeting Revenue growth of 7.0% to 11.0% for FY25/26 to FY27/28.
Global Blue is targeting pricing evolution and mix effects to result in a 3.0% differential between Sales in Store(3) and Revenue growth.

Global Blue Completes Strategic Equity Investment and Entry Into New Credit Agreement

Retrieved on:

Mercredi, novembre 29, 2023

Global Blue Group Holding AG (NYSE: GB and GB.WS), the leading strategic technology and payments partner powering retailers’ improved performance and enhancing shoppers’ experience, is pleased to announce the completion of the strategic equity investment with Tencent, a world leading internet and technology company, and the signing of a new credit agreement which is anticipated to close in early December.

Key Points:

Global Blue Group Holding AG (NYSE: GB and GB.WS), the leading strategic technology and payments partner powering retailers’ improved performance and enhancing shoppers’ experience, is pleased to announce the completion of the strategic equity investment with Tencent, a world leading internet and technology company, and the signing of a new credit agreement which is anticipated to close in early December.
Further to the share purchase and investment agreement dated November 16, 2023, on November 28, 2023, Global Blue completed the sale to Tencent of approximately 9.1 million newly issued common shares for a total consideration of $50 million.
Global Blue intends to use the proceeds of the sale to reduce its debt balance, in pursuit of its long-term target of net leverage of less than 2.5x Net Debt / Adjusted EBITDA.
On November 24, 2023, to further strengthen its balance sheet, Global Blue entered into a new credit agreement consisting of a senior secured term loan (“term loan”) of €610.0 million and a senior secured revolving credit facility (“RCF”) of €97.5 million.

Global Blue Announces $100M Strategic Equity Investment From Tencent

Retrieved on:

Jeudi, novembre 16, 2023

Tencent has agreed to invest $100 million in Global Blue common equity at a price of $5.50 per share, which is generally in line with the volume-weighted average price over the past 3 months.

Key Points:

Tencent has agreed to invest $100 million in Global Blue common equity at a price of $5.50 per share, which is generally in line with the volume-weighted average price over the past 3 months.
At closing, Tencent will own 18.18 million common shares, representing approximately 8% of the total fully-diluted share capital.
Jacques Stern, Global Blue CEO said: “We are pleased to welcome Tencent as a shareholder as we continue to diversify our ownership base.
We are pleased to make a strategic investment in Global Blue to help support its future growth and look forward to continued growth in cross-border travel and shopping, including travel from China."

Global Blue Releases the Monthly Tax Free Shopping Business Update for October 2023

Retrieved on:

Jeudi, novembre 9, 2023

Professional Services, Online Retail, Data Management, Retail, Other Professional Services, Other Retail, Technology, Tax-free shopping, Global Blue, Gulf Cooperation Council, GB, Golden Week, Başka 33/3, NYSE, Acceleration, Travel, Rare-earth element

New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained solid across Continental Europe, with a continued acceleration in Asia Pacific.

Key Points:

New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained solid across Continental Europe, with a continued acceleration in Asia Pacific.
Excluding Mainland Chinese and Russian shoppers, the recovery would have reached 154%1 in October vs. 157%1 in Q3 ‘23.
Regarding origin markets, US residents maintain a strong level of recovery, reaching 260%1 in October vs. 258%1 in Q3 ‘23.
Mainland Chinese shoppers have also remained strong, with a recovery rate reaching 109%1 in October vs. 105%1 in Q3 ‘23.