[2] Trading in the shares of the financially stressed entity was halted by the Hong Kong Stock Exchange due to its inability to file annual results.
The company designs, develops, markets and sells products under a diverse array of owned and licensed brands, such as Spyder.
[7] On 9 July 2014, Global Brands Group was listed on the Main Board of the Hong Kong Stock Exchange by way of introduction as a result of a spin-off from Li & Fung.
[11] In October 2018, Bruce Rockowitz stepped down as CEO after the sale of the company’s North American assets to Nasdaq-listed Differential Brands Group at US$1.2 billion.
[15] On 29 July 2021, GBG USA commences voluntary Chapter 11 proceedings and is putting its apparel and footwear brands up for sale with help from a $16 million bankruptcy loan.
The company has a $17.3 million stalking horse bid for its Aquatalia brand and is also looking to sell "a substantial portion of its remaining assets" in bankruptcy, including Ely & Walker, Airband, MagnaReady, Yarrow, B New York and Juniper unltd.