Global Brands Group – an apparel, footwear, fashion accessories and related lifestyle products company – has announced an increase in revenue by 15 per cent to US $ 1,844 million for the six months ended 30th September 2016 compared to US $ 1,604 million for the same period last year. This increase is driven primarily by growth from existing and new licenses.
The Group’s total margin continued to trend up strongly and increased by 19.9 per cent, reaching US $ 655 million. Core operating profit also posted a significant increase of 129.9 per cent from the same period last year to US $ 78 million, while EBITDA increased by 44 per cent to US $ 179 million.
As for brand management, revenue increased by 52.8 per cent to US $ 66 million, while total margin increased by 41.3 per cent to US $ 16 million.
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Bruce Rockowitz, Chief Executive Officer and Vice Chairman, Global Brands Group averred, “I am delighted by such a strong set of results which were achieved despite facing a challenging business environment globally and the fundamental shifts in consumer behaviour in our industry,” while adding that the Group is embracing change, continuing to diversify its brands, leveraging their ability to be channel agnostic and gearing up their e-commerce capabilities.
The Group plans to continue to focus on building their footprint across Europe and Asia, and increasing its market share across all our distribution channels.
