×
1 870
Fashion Jobs
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Trainer
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, Trafford - 15 Hours - Part Time, Permanent
Permanent · Manchester
FOOT LOCKER
Community Marketing Manager
Permanent · London
VF INTERNATIONAL
UK Retail - IT Senior Service Delivery Analyst
Permanent · NOTTINGHAM
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
EUDON CHOI
Production Manager
Permanent · LONDON
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
Published
Dec 21, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Global Brands Group revenue dips 4.1%

Published
Dec 21, 2018

After strengthening its balance sheet and simplifying its organizational structure to focus on its core businesses, Global Brands Group Holding Ltd saw revenue dip 4.1 percent in the first half of fiscal 2019.  

Global Brands Group revenue dips 4.1%. - Facebook: Bebe

 
Revenue hit $699 million during the six months ended September 30, compared to $729 million in 2017. Total net loss for the period was $284 million. 
 
During the period, the group completed the sale of select North American businesses. It agreed to sell the Target Business and received a cash amount of $1.2 billion, being the Estimated Purchase Price of the Transaction. 

“This gives us the ability to strengthen our balance sheet, and, through the distribution of a special dividend, give value to our shareholders,” William Fung, chairman of Global Brands, said of the transaction. 
 
In line with plans to strengthen its balance sheet, the group, which owns brands like Sean John, Juicy and Bebe, equally divested its Kids business in China, during the period. The unprofitable business sold for $20 million.
 
“Global Brands is entering a new chapter as a more nimble organization with a flatter management structure and a deeper focus on Fashion and Footwear licensing, as well as our Brand Management business, the largest of its kind in the world,” added Fung. 
 
Earlier this week, the group named Ronald Ventricelli as its new global chief operating officer and president of North America, a newly created role at the company. 

Copyright © 2021 FashionNetwork.com All rights reserved.