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Public company info - Global Brands Group Holding Ltd. , 00787.HK
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Global Brands Group Holding Ltd., 00787.HK - Company Profile
Chairman William FUNG Kwok Lun
Share Issued (share) 1,029,000,000
Par Currency Hong Kong Dollar
Par Value 0.125
Industry Apparel
Corporate Profile Business Summary: The Group is principally engaged in the the design, development, marketing and sale of branded kids, men’s and women’s apparel, footwear, fashion accessories and related lifestyle products, primarily for sales to retailers in the North America and Europe. The Group is also engaged in the brand management business offering expertise in expanding its clients’ brand assets in to new product categories, new geographies and retail collaborations, as well as assisting in distribution of licensed products on a global basis. Performance for the year: Total margin rate increased by 640 basis points to 36.6%. Returned to a positive EBITDA, recorded an increase of US$170 million to US$151 million. Business Review： North America Comprising Men’s and Women’s Fashion Footwear, Women’s Fashion Apparel and Sports and Lifestyle, this is the largest segment of the Group, accounting for approximately 60% of the Group’s total revenue for the Reporting Period. The Group continued to grow the Group’s portfolio of brands including Spyder, Aquatalia, Dakine, Saga, Ellen Tracy, b New York, Magna Ready and Calvin Klein. The Group is the operating partner of choice for a number of leading U.S. brand groups, whose primary focus is brand ownership rather than the operational aspects of their brands. Europe The Group’s European business primarily supplies Apparel, Footwear and Accessory products, for both kids and adults, to retailers and consumers in the U.K., Germany and Italy. The Group continues to focus on building brands across different categories such as character, lifestyle, gaming and sports. Examples of brands the Group operate in Europe include All Saints, Reiss and Calvin Klein, and examples of brands the Group own include Aquatalia and Fiorelli. During this Reporting Period, while the Group has been focusing on consolidating and leveraging the portfolio in Europe, it has also signed a number of new licenses including an agreement with FIFA for the 2019 Women’s World Cup and another with UEFA for the 2020 European football championships. Brand Management The Group’s Brand Management business operates on a global basis and remains a market leader. The business comprises the Group’s long-term partnership with Creative Artists Agency (CAA), CAA-GBG Brand Management Group (CAA-GBG), the world’s largest brand management company, and the Group’s established joint venture with David Beckham, known as Seven Global. CAA-GBG offers clients access to the Group’s industry-leading expertise across all facets of the brand extension process. These include expanding brands into new product categories and/or across geographies, developing retail and online collaborations, and assisting in the distribution of licensed products. The Group’s clients own a diverse range of globally renowned brands, including Netflix, Playboy, David Beckham, Formula 1, Carrie Underwood, Riot Game’s League of Legends, Minecraft, Drew Barrymore and Coca Cola. Prospects: While the Group’s fiscal year 2020 was successful in accomplishing the Group’s goal of returning to profitability, the issues related to the onset of the COVID-19 virus continue to challenge the Group. The Group began feeling the impact as the virus emerged in January and disrupted the supply chain from China and from other countries where suppliers utilize Chinese raw materials. While that threat subsided in late February, the rapid spread of the virus in Europe and the U.S. in March led to the almost complete shutdown of the Group’s customers during the important Spring/Summer season. As a result, the Group’s fiscal year 2020 sales revenue was impacted by over US$100 million at year end, as most of the Group’s customers in Europe and the U.S. had closed their stores and consumers were required to shelter at home—in effect, totally freezing the demand side of the value chain. The Group has taken all necessary steps to react to this unprecedented situation, including further reducing operating costs, reducing purchases, and preserving cash to allow us to manage through this period. More importantly, the Group took early, prescient steps to ensure that the Group’s colleagues in the Group could work from home and that they and their families were safe. I am happy to report that at this stage the Group, while disrupted, is safe and fully capable of operating remotely. The Group are all facing the challenges of COVID-19 professionally and personally. Never before has there been a greater impact on the world’s economy or disruption of the Group’s personal and social lives than now. The Group’s colleagues have contributed greatly to the Group’s success in 2020, and their dedication and sacrifice during these difficult times is inspiring. I am humbled to lead an organization that has stepped up and faced these challenges as a team, and as a family. I want to thank the Group’s suppliers and all stakeholders for their continued support, and I wish everyone stays safe and healthy as the Group embark on the Group’s fiscal year 2021.

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