Home / Knowledge / News / Apparel/Garments / Global Brands Group posts positive 15 mths' revenue
Global Brands Group posts positive 15 mths' revenue
16
Jun '16
Fashion apparel and accessories company Global Brands Group posted positive net revenue for the 15 months period, ended March 31, 2016, to $4.1 billion owing to macro environmental factors like a warm winter in North America, depreciation in Euro and exit from certain underperforming brands.

Core operating profit for the period was $75 million, while net profit was $25 million. Total margin posted for the period was $1,379 million or 33.5 per cent of the revenue. The margin continued its upward trend during the reporting period.

“During the reporting period, we continue to sharpen our focus on our key product categories and high-performing brands, while expanding our platforms where relevant,” Dow Famulak, president and COO of the company commented.

“Our kids category remains a highly successful franchise delivering consistently positive results, while our footwear and accessories business also performed well, particularly our key footwear brands,” he said.

“We made excellent progress with expanding the direct-to-consumer reach and increasing the product offering of our key controlled brands, such as Frye, Spyder and Juicy Couture. Under Seven Global, we extended the David Beckham brand to menswear product category through a partnership with Kent & Curwen, and recently to the men's grooming category through a partnership with the premium men's skincare brand Biotherm Homme,” he added.

Additionally, the group CEO and vice chairman, Bruce Rockowitz said, “Going forward, we expect our new licenses and brands will have a positive impact on revenue. We also expect the margin to continue its upward trend due to our emphasis on higher-margin businesses.” (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search