Adidas will redeem shares
03.10.2014 4474

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

Coccinelle has launched an advertising campaign for autumn-winter 2022

Italian handbags and accessories brand Coccinelle has launched a new advertising campaign for its fall-winter 2022 collection called #WeAreOne. The black and white shots feature Coccinelle Beat bags, Coccinelle Magie and this season's new icon,…
07.10.2022 74

Russian shopping centers lose traffic and tenants

The Russian Council of Shopping Centers (RSTC) appealed to the governors of the regions with a request for assistance to the retail real estate market, which is in an extremely difficult situation. Against the backdrop of political and economic developments, as well as the transformation…
06.10.2022 79

Golden Goose acquires its main sneaker supplier

On Wednesday, Golden Goose, known for its Superstar sneakers, announced the acquisition of Italian Fashion Team, the main supplier and manufacturer of luxury sneaker brand Golden Goose. The amount of the deal was not disclosed...
06.10.2022 244

Kari adds new product categories to the range of family hypermarkets

Russian shoe retailer Kari continues to experiment with retail formats and assortment. This summer, the three well-established formats of Kari shoe retail - Kari shoe stores, Kari Kids for children and Kari Hyper hypermarkets - ...
06.10.2022 222

Bikkembergs released a collection of his own hits from 1990 and 2000.

Antwerp-born fashion brand Bikkembergs has launched an archival project, a collection of fifty-three items from the past. “These are things that don’t need to be updated to make people like them, they just need to be redone…
05.10.2022 213
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning