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                    <ccc>XXXXXXXX</ccc>
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            <liveTestFlag>LIVE</liveTestFlag>



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            <issuerName>GLOBAL BLUE GROUP HOLDING AG</issuerName>
            <secFileNumber>001-39477</secFileNumber>
            <issuerAddress>
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                <ns2:city>Signy</ns2:city>
                <ns2:stateOrCountry>V8</ns2:stateOrCountry>
                <ns2:zipCode>1274</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>41795006679</issuerContactPhone>
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            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
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        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Fl.</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
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            <aggregateMarketValue>55500.00</aggregateMarketValue>
            <noOfUnitsOutstanding>189855747</noOfUnitsOutstanding>
            <approxSaleDate>08/31/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
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        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>07/01/2000</acquiredDate>
            <natureOfAcquisitionTransaction>Founders Shares</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>10000</amountOfSecuritiesAcquired>
            <paymentDate>07/01/2000</paymentDate>
            <natureOfPayment>N/A</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
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            <sellerDetails>
                <name>10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY</name>
                <address>
                    <ns2:street1>Rue des Flecheres 7A 127</ns2:street1>
                    <ns2:city>Signy</ns2:city>
                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
                    <ns2:zipCode>1274</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/30/2023</saleDate>
            <amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
            <grossProceeds>5584.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
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                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
                    <ns2:zipCode>1274</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/29/2023</saleDate>
            <amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
            <grossProceeds>5686.00</grossProceeds>
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                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
                    <ns2:zipCode>1274</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/28/2023</saleDate>
            <amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
            <grossProceeds>5988.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY</name>
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                    <ns2:street1>Rue des Flecheres 7A 127</ns2:street1>
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                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
                    <ns2:zipCode>1274</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/25/2023</saleDate>
            <amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
            <grossProceeds>5713.20</grossProceeds>
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            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/24/2023</saleDate>
            <amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
            <grossProceeds>5714.60</grossProceeds>
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        <securitiesSoldInPast3Months>
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                <name>10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY</name>
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                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
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                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/23/2023</saleDate>
            <amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
            <grossProceeds>5709.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY</name>
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                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/22/2023</saleDate>
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            <grossProceeds>5620.30</grossProceeds>
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        <securitiesSoldInPast3Months>
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                <name>10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY</name>
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                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
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                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/21/2023</saleDate>
            <amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
            <grossProceeds>5508.20</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY</name>
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                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
                    <ns2:zipCode>1274</ns2:zipCode>
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            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
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            <grossProceeds>5734.60</grossProceeds>
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        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY</name>
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                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
                    <ns2:zipCode>1274</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/17/2023</saleDate>
            <amountOfSecuritiesSold>1000</amountOfSecuritiesSold>
            <grossProceeds>5597.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY</name>
                <address>
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                    <ns2:stateOrCountry>V8</ns2:stateOrCountry>
                    <ns2:zipCode>1274</ns2:zipCode>
                </address>
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            <grossProceeds>5500.00</grossProceeds>
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        <noticeSignature>
            <noticeDate>08/31/2023</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>03/17/2023</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Thomas Wells Farley</signature>
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144
0001390563
XXXXXXXX
LIVE
0001799983
GLOBAL BLUE GROUP HOLDING AG
001-39477
Rue des Flecheres 7A 127
Signy
V8
1274
41795006679
THOMAS WELLS FARLEY
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Fl.
New York
NY
10004
10000
55500.00
189855747
08/31/2023
NYSE
Common
07/01/2000
Founders Shares
Issuer
N
10000
07/01/2000
N/A
N
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/30/2023
1000
5584.00
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/29/2023
1000
5686.00
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/28/2023
1000
5988.00
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/25/2023
1000
5713.20
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/24/2023
1000
5714.60
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/23/2023
1000
5709.00
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/22/2023
1000
5620.30
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/21/2023
1000
5508.20
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/18/2023
1000
5734.60
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/17/2023
1000
5597.00
10b5-1 Sales for MSL FBO THOMAS WELLS FARLEY
Rue des Flecheres 7A 127
Signy
V8
1274
Common
08/16/2023
1000
5500.00
08/31/2023
03/17/2023
/s/ Thomas Wells Farley