Globe International : Annual report for the financial year ended 30 June 2022
September 15, 2022
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ABN: 65007066033
Globe Brand
GLOBE INTERNATIONAL ANNUAL REPORT | 2022
001
Globe Brand
Welcome
Globe International Limited is a global producer and distributor specializing in purpose-built apparel, footwear and hardgoods for the boardsports, street fashion, outdoor and workwear markets. Globe International has offices, distribution hubs and manufacturing centres in Melbourne, Los Angeles, Newport Beach, San Diego, Hossegor and Shenzhen. Its products are sold in over one hundred countries around the world. Globe International's proprietary brands include
Globe, Salty Crew, FXD, Impala Skate and Milkbar Bikes. The company is listed on the Australian Securities Exchange and has three operating segments: Australasia, North America and Europe. Globe International brands are sold direct to consumers, retailers and by third party distributors around the world. The company has a select number of branded retail stores in various strategic neighbourhoods along with a full suite of e-commerce based offerings. Globe International also maintains
diverse licensing and distribution businesses of leading third party owned brands for the Australian and New Zealand market operating under its Hardcore Distribution, Hardcore Optics and 4Front divisions. Currently, Hardcore Distribution carries over thirty brands including Girl, Almost, Blind, Enjoi, Lakai, Chocolate, Flip and Thrasher, Hardcore Optics distributes Szade, RAEN and CHIMI eye ware, while 4Front licences and distributes Stüssy, MISFIT, Xlarge, X-Girl and Obey.
Salty Crew
GLOBE INTERNATIONAL ANNUAL REPORT | 2022
Contents
003
Heritage
005
Globe Brand
007
Impala Skate
013
Salty Crew
019
FXD Workwear
025
Hardcore Distribution
031
4Front Distribution
033
Hardcore Optics
035
Milkbar Bikes
037
dot Boards
039
Worldwide Locations and Flagship Retail
041
Environmental and Social Responsibility
043
Chief Executive Officer's Letter to Shareholders
045
Financial Report
047
The Directors' Report
047
Auditor's Independence Declaration
063
Financial Statements
065
Directors' Declaration
121
Independent Auditor's Report
123
Stock Exchange and Investor Information
129
Company Particulars
133
The financial report includes the consolidated financial statements of the consolidated entity consisting of Globe International Limited and its subsidiaries. Unless otherwise noted, all financial information relates to the consolidated entity.
Globe International Limited is a company limited by shares, incorporated and domiciled in Australia. The address of the Company's registered office is 1 Fennell Street, Port Melbourne, Victoria, 3207. The financial statements are presented in Australian currency and were authorised for issue by the directors on 26 August 2022. The Company has
the power to amend and re-issue these financial statements.
Globe International Limited's 2022 Corporate Governance Statement can be viewed on our website at:
https://globecorporate.com/investors/#governance
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Globe International Limited published this content on 16 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 September 2022 07:44:05 UTC.
Globe International Limited is an Australia-based designer, producer and distributor in the board sports, street fashion, outdoor and work-wear markets. The Company's segments include Australasia, North America, and Europe. Its proprietary brands include Globe, Salty Crew, FXD, Impala Skate, Milkbar Bikes, Dot Boards, X/DMG, and Itâs Now Cool. It maintains diverse licensing and distribution businesses of third party owned brands for the Australian and New Zealand market, operating under its Hardcore Distribution and 4Front divisions. Its third-party brands include XLarge, X-Girl, M/SF/T, Stance, Szade, OBEY, Pro-Tec, and others. Globe is premium board sports footwear and skateboard brand. Impala Skate offers roller skates, inline skates, skateboards. Milkbar Bikes provides bicycles, and accessories. Dot Boards offers electric skateboards. It has offices, distribution hubs, and manufacturing centers in Melbourne, Los Angeles, Newport Beach, San Diego, Hossegor and Shenzhen.