Global Brands Group: H1 profit up, revenues decline 3.5 percent

Global Brands Group Holding announcing its interim results for the six months ended September 30, 2017 said that revenues decreased by 3.2 percent to 1,785 million dollars compared to the same period last year. The company said decline in sales was driven by the shift of retail buying to later in the year, in addition to the anticipated cessation of the Quiksilver kids fashion license due to the company declaring bankruptcy and Coach taking their footwear business in-house when their license expired in June 2017.