Adidas will redeem shares
03.10.2014 4569

Adidas will redeem shares

Adidas is launching a multi-year stock repurchase program worth 1,5 billion euros (1,9 billion dollars). The first operations will take place in the fourth quarter of this year, the entire program will last until December 31 2017. The company intends to return up to 10% of the authorized capital on the stock exchange. The company promises to pay its shareholders annual dividends in the amount of 20% to 40% of net profit. The stock return program will be funded primarily from the company's free cash flow. Recall that the group's revenue in the second quarter of 2014 decreased by 2,4% to 3,465 billion euros; net profit fell by 16% and amounted to 144 million euros.

Adidas launches a multi-year EUR 1,5 billion share buyback program (1,9 billion ...

Latest News

Shoes 1920s - at the exhibition “Dressed in luxury. Art Deco Woman" in Moscow

The exhibition Dressed in Luxury. Art Deco Woman”, which presents one of the world's best collections of shoes and shoe…
31.01.2023 73

Sabato de Sarno named Gucci's new creative director

French luxury holding Kering Group has unveiled a new creative director of the Gucci brand. It was the 39-year-old Italian designer Sabato De Sarno, who is currently the director of menswear and womenswear ...
30.01.2023 141

Nike announces collaboration with Tiffany & Co

Tiffany & Co. sneakers x The Nike Air Force 1 Low will be housed in a signature mint-colored jewelery brand box adorned with Nike's signature 'comma' in the center.
29.01.2023 593

Gigi Hadid Appears in Boss Campaign

American supermodel Gigi Hadid presented a new collection of the German fashion brand Boss. In the campaign photo, Hadid is dressed in a black loose-fitting pantsuit, on the model's feet are black sandals from the brand's new women's spring collection ...
27.01.2023 335

Ermenegildo Zegna Group reports 2022% revenue growth in 15,5

Italian group Ermenegildo Zegna ended 2022 with a 15,5% increase in revenue, although business results were impacted by anti-covid restrictions in the Bolshoi…
26.01.2023 407
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning