Global Brands S.A.

                      ("Global Brands" or the "Company")

                               Change of Adviser

The Board of Global Brands is pleased to announce that Cairn Financial Advisers
LLP has been appointed as Nominated Adviser to the Company with immediate
effect.

For further information, please contact:



Global Brands S.A.
Bruce Vandenberg, CEO                   Tel: +44 7899 791 726
Fiona Kinghorn                          Tel: +44 7867 520 722


Nomad
Cairn Financial Advisers LLP
Sandy Jamieson                          Tel: +44 207 148 7900
James Caithie


Broker
Alexander David Securities Ltd
Bill Sharp                              Tel: +44 207 448 9812
David Scott                             Tel: +44 207 448 9821