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Cost-Cutting Restores Profits at Global Brands Group

Join SJ July 29 at 11 am for a webinar focused on the infrastructure and resources the industry needs to bring post-consumer textile recycling to scale.

Global Brands Group (GBG) has returned to profit in FY20 following a fiscal year that saw the group lose $250 million in operating expenses—mostly on the back of the aggressive restructuring plan it put into place last year. In a Nutshell: GBG has been shedding weight ever since it agreed to a deal that transferred a…

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