Global Blue

Global Blue was founded in 1980 by two innovative entrepreneurs, Kai Liekefett and Ruedi Flueckiger, who envisioned a seamless way for international travelers to reclaim VAT on their purchases. This idea was born out of the need to simplify the shopping experience for tourists, allowing them to enjoy tax-free shopping with ease.

Over the years, Global Blue expanded its operations, becoming a leader in the tax-free shopping industry. The company developed a robust network, partnering with retailers and governments to streamline the VAT refund process. This not only enhanced the shopping experience for travelers but also boosted sales for retailers by attracting more international customers.

A significant milestone in Global Blue's journey was its acquisition by Silver Lake Partners and Partners Group in 2012. This acquisition provided the company with the resources and expertise needed to accelerate its growth and expand its services globally.

In 2020, Global Blue reached another pivotal moment by going public through a merger with Far Point Acquisition Corporation, a special purpose acquisition company (SPAC). This move was aimed at further strengthening its market position and enabling it to invest in new technologies and services to enhance its offerings.

Today, Global Blue continues to lead the tax-free shopping industry, leveraging its extensive experience and innovative solutions to provide unparalleled services to travelers and retailers worldwide. The company's journey from a simple idea to a global leader is a testament to its founders' vision and the strategic decisions made along the way.