Global Blue: Brexit, an Opportunity Worth at Least €2.6 Billion for European Retailers
Following Brexit, British tourists are now eligible for Tax Free Shopping in the EU and as a result are expected to account for €1.1billion of Tax Free Shopping sales in European stores
In parallel, following the abolition of the UK s Tax Free Shopping scheme in January, international shoppers who used to shop Tax Free in the UK are expected to reallocate at least €1.5billion of their shopping budget to alternative destinations such as France and Italy for their next shopping trip
In its latest quarterly Observatory report, Global Blue (NYSE:GB) has examined the potential impact of recent changes to Tax Free Shopping legislation in the UK on international shopper behaviour in Europe. The report includes findings of surveys amongst international shoppers
Global Blue Launches Global Blue Ventures to Support Its Omnichannel Market Expansion Ambition
Global Blue Ventures supports Global Blue s position as the strategic omnichannel technology and payments partner empowering merchants to improve their performance
Global Blue Ventures focuses on investment and/or partnership with third parties that offer best-in-class RetailTech innovations, enabling Global Blue to expand its product offering and bring more value to its retail clients
Thanks to Global Blue Ventures, Global Blue has already partnered with a number of leading and fast-growing RetailTech companies, including global returns provider, ZigZag Global, and digital receipt provider, Yocuda
Global Blue, today, announced the launch of Global Blue Ventures, a new entity created to identify, invest in and/or partner with third parties that offer market-leading retail technology solutions.
15 April, 2021
British tourists are now eligible to shop Tax Free in the EU and can save up to 15% by claiming back the VAT of their purchases.
A variety of goods qualify for VAT refunds, including fashion, cosmetics, jewellery, technology and food and drink items, with many of the best high street retailers and global luxury brands offering Tax Free Shopping services.
TIPS ON TAX FREE SHOPPING
UK residents in England, Wales and Scotland (excluding Northern Ireland) are eligible
The minimum purchase amount eligible for Tax Free in Portugal is
50€+VAT (example 50€ + 23% VAT = 61.50€)
Present the Passport at the store and ask for Tax Free
ZigZag Global, Leading Returns Management Platform For World-Class Retailers Is Acquired By Global Blue einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.