GB
- Global Blue Group Holding AG
()
Overview
Company Summary
Global Blue Group Holding AG (GB) is a multinational company specializing in providing tax-free shopping solutions to international shoppers, retailers, and brands. They work through a network of appointed retailers and offer tax refund services that help shoppers claim back Value Added Tax (VAT) on goods purchased abroad.
The company primarily operates in the tourism and retail sectors, facilitating shopping experiences for travelers by simplifying the tax refund process. Global Blue's services are designed to maximize VAT savings for international shoppers, enhancing their overall shopping experience and encouraging them to spend more.
Global Blue collaborates with various retailers, including luxury brands, department stores, and shopping centers, to offer a seamless and efficient tax refund process. They assist retailers in implementing the necessary infrastructure and technology to make tax-free shopping available to eligible customers.
To utilize the tax refund service, international shoppers need to submit their receipts and claim forms to Global Blue at designated refund points, either at the airport or through their online platform. Global Blue then verifies the information and refunds the VAT amount, typically in the form of cash or credit to the shopper's nominated bank account.
In addition to their core tax refund services, Global Blue also provides other solutions to retailers, such as marketing insights, data analytics, and customer intelligence. These offerings help retailers better understand their international customer base and make informed business decisions to drive sales and improve customer experiences.
Overall, Global Blue Group Holding AG plays a vital role in facilitating tax-free shopping experiences for international travelers and supporting retailers by enabling them to cater to a global customer base and increase sales through VAT refunds and related services.