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Michelin announces two acquisition projects, aiming at reinforcing its Polymer Composite Solutions business
Globenewswire· 2026-01-02 07:47
Core Insights - Michelin is pursuing two acquisitions, Cooley Group and Tex Tech Industries, to enhance its Polymer Composite Solutions business as part of its "Michelin in Motion 2030" strategy [2][8] - The acquisitions are expected to increase Michelin's revenue from Polymer Composite Solutions by approximately 20%, equating to around 280 million USD [5][8] - Both transactions are anticipated to close in the first half of 2026, pending regulatory approvals, and will be financed entirely in cash [5][8] Company Details - Cooley Group, celebrating its 100th anniversary in 2026, specializes in high-performance polymer coated fabrics and is vertically integrated with capabilities in weaving, knitting, and polymer extrusion [3] - Tex Tech Industries, founded in 1904, is known for its specialty textiles and coatings, serving demanding applications such as Thermal Protection Systems for space vehicles and fire-resistant materials for aircraft [4] Market Position - Michelin is already a leader in coated fabrics in Europe with established brands like Orca, and these acquisitions will significantly accelerate its market expansion [5][8] - The Polymer Composite Solutions segment is becoming increasingly significant within Michelin's overall business, prompting plans to create a dedicated reporting segment starting in 2026 [6]
Michelin: Capital reduction: cancellation of 22,919,400 shares
Globenewswire· 2025-12-30 16:45
Core Viewpoint - Compagnie Générale des Établissements Michelin has announced the cancellation of 22,919,400 treasury shares, which represents 3.23% of the total shares outstanding, effective December 30, 2025 [2]. Group 1: Capital Reduction Details - The decision for the capital reduction was made by the Managing Chairman on December 19, 2025, and was approved in the Shareholders Meeting on May 16, 2025 [2]. - The effective date for the capital reduction is confirmed as December 30, 2025, as per the Euronext notice dated December 24, 2025 [2].
Michelin: Disclosure of trading in own shares - December 23, 2025
Globenewswire· 2025-12-23 07:30
Group 1 - The issuer, Michelin, has conducted a securities repurchasing program involving ordinary shares with ISIN code FR001400AJ45 [1] - On December 23, 2025, Michelin acquired a total of 890,932 shares at a price of €28.0605 per share through the over-the-counter platform [1] - Additionally, Michelin repurchased another 356,373 shares at the same price of €28.0605 per share on the same date [1] Group 2 - The transactions were executed by different platforms, including NATIXIS and BNP PARIBAS, indicating a diversified approach to share repurchase [1] - The total volume of shares repurchased on that date reflects Michelin's commitment to enhancing shareholder value through buybacks [1]
Michelin: Disclosure of trading in own shares - December 19, 2025
Globenewswire· 2025-12-19 07:30
Core Points - Michelin has disclosed a securities repurchasing program, indicating its strategy to buy back shares to potentially enhance shareholder value [1][2] - The company executed a transaction on December 19, 2025, acquiring a total of 354,772 ordinary shares at an average price of 28.1871 euros per share [1] - The repurchase was conducted over-the-counter, reflecting Michelin's ongoing commitment to managing its capital structure effectively [1] Summary by Category Company Information - Issuer Name: Michelin - Issuer Code: 549300SOSI58J6VIW052 - ISIN Code: FR001400AJ45 - Date of Transaction: December 19, 2025 [1] Transaction Details - Total Volume of Shares Acquired: 354,772 - Average Price per Share: 28.1871 euros - Transaction Platform: Over-the-counter [1] Financial Implications - The share repurchase program is part of Michelin's broader strategy to optimize its capital allocation and return value to shareholders [1][2]
Michelin: Disclosure of trading in own shares - December 11, 2025
Globenewswire· 2025-12-11 07:30
Core Viewpoint - The company, Michelin, has engaged in a securities repurchasing program, acquiring a total of 1,607,859 ordinary shares at an average price of €27.9875 per share on December 11, 2025 [1]. Summary by Categories Company Actions - Michelin repurchased 893,255 shares through NATIXIS and 714,604 shares through BNP PARIBAS on the same date [1]. Financial Details - The average price for the shares acquired was €27.9875, indicating a significant investment in its own equity [1]. Transaction Platforms - The repurchases were conducted over-the-counter, reflecting a strategic approach to managing its share capital [1].
MICHELIN Guide Doha 第二版揭晓:一颗新星璀璨诞生
Globenewswire· 2025-12-10 21:20
Core Insights - The 2026 MICHELIN Guide for Doha has been released, highlighting the city's evolving culinary scene with 12 new restaurant entries, including nine in the selected category, eight recognized as Bib Gourmand, and three awarded One MICHELIN Star [2][4]. Group 1: New Entries and Awards - A total of 12 new restaurants have been added to the 2026 MICHELIN Guide Doha, showcasing the city's dynamic food landscape [2]. - Nine restaurants have been included in the selected category, while eight have received the Bib Gourmand designation for offering high-quality food at reasonable prices [2][4]. - Three restaurants have been awarded One MICHELIN Star, recognizing their exceptional culinary achievements [2][4]. Group 2: Notable Restaurants - Alba, located in Raffles Doha, has earned One MICHELIN Star for its exquisite culinary techniques and high-quality ingredients [3]. - The restaurants Jamavar and IDAM by Alain Ducasse have successfully retained their One MICHELIN Star status, demonstrating their commitment to excellence [6]. - Four new Bib Gourmand restaurants have been added, bringing the total to eight in Doha [4][7]. Group 3: Special Awards - The MICHELIN Guide Young Chef Award has been awarded to Cristhian Serraino, the chef at Alba, for his creative and balanced dishes [11]. - Koo Madame has received the MICHELIN Guide Opening of the Year Award, recognized for its unique dining experience reminiscent of 1920s Shanghai [11]. - Shanghai Me Doha has been honored with the MICHELIN Guide Service Award for its exceptional team service [12].
One New Star Shines in the MICHELIN Guide Doha’s Second Edition
Globenewswire· 2025-12-09 21:02
Core Insights - The MICHELIN Guide has released its 2026 edition for Doha, highlighting the city's evolving culinary scene with 12 new restaurant entries, including 9 in the selected category, 8 earning Bib Gourmand distinctions, and 3 receiving One MICHELIN Star awards [2][3][6]. Restaurant Highlights - Alba, located in Katara Towers at Raffles Doha, has been promoted to One MICHELIN Star, showcasing dishes like Barolo-braised veal cheek and shrimp ragù spaghetti, emphasizing high-quality ingredients [5][6]. - Two restaurants, Jamavar and IDAM by Alain Ducasse, have retained their One MICHELIN Star status, reaffirming their excellence in dining [8]. Bib Gourmand Awards - The 2026 edition introduces 4 new Bib Gourmand distinctions, bringing the total to 8 in Doha. Notable new entries include: - Fenyal, a café offering Middle Eastern flavors at affordable prices - Mila, serving Mediterranean and Levantine sharing plates - Berenjak, featuring Persian cuisine - Baron, a Mediterranean fusion restaurant [9][10]. New Restaurant Entries - A total of 44 restaurants are included in the MICHELIN Guide Doha 2026 selection, with 9 new restaurants added. Highlights include: - Em Sherif, a Lebanese restaurant with stunning city views - Carbone Doha, a lively branch of a New York icon - Koo Madame, offering dim sum and hand-pulled noodles - Shanghai Me Doha, blending Chinese and Japanese flavors [11][12][13]. Special Awards - The MICHELIN Guide has recognized outstanding contributions in the culinary industry through its Special Awards: - Young Chef Award to Alba's Chef Cristhian Serraino for his creative and balanced dishes [14]. - Opening of the Year Award to Koo Madame for its distinctive dining experience [15]. - Service Award to Shanghai Me Doha for exceptional and attentive service [16]. - Exceptional Cocktail/Mocktail Award to yūn for its creative tea-based mocktails [17].
MoneyLion Hosts Holiday Heist Giveaway to Help Make the Season Merrier for 50 People
Prnewswire· 2025-12-05 14:00
Core Points - The Holiday Heist Giveaway aims to provide financial relief during the holiday season, reflecting MoneyLion's mission to empower Americans in managing their finances confidently [1][2] - The giveaway offers a chance to win $2,000 for 50 winners, with the event running from December 1, 2025, to January 24, 2026 [3] - Participation is free, requiring no purchase or deposit, and allows for additional entries through social media engagement [4] Company Overview - MoneyLion is a leading financial technology platform under Gen, focused on providing personalized financial products and services [5] - The company integrates offers and content from over 1,300 enterprise partners into a unified consumer experience, aiming to empower users in making informed financial decisions [5]
Michelin: Disclosure of trading in own shares - December 4, 2025
Globenewswire· 2025-12-04 07:30
Group 1 - The company, Michelin, has announced a securities repurchasing program involving ordinary shares with ISIN code FR001400AJ45 [1] - On December 4, 2025, Michelin acquired a total of 1,620,188 shares at an average price of €27.7574 per share [1] - The transactions were executed on an over-the-counter platform, indicating a direct trading approach rather than through a public exchange [1] Group 2 - The repurchase program reflects Michelin's strategy to manage its capital structure and potentially enhance shareholder value [1] - The total volume of shares acquired on the specified date includes 900,660 shares from NATIXIS and 720,528 shares from BNP Paribas [1] - The repurchase activity is part of a broader trend among companies to buy back shares as a means of returning capital to shareholders [1]
Michelin: Disclosure of trading in own shares - November 28, 2025
Globenewswire· 2025-11-28 07:30
Core Insights - Michelin has initiated a securities repurchasing program, indicating a strategic move to enhance shareholder value through the buyback of ordinary shares [1][2] Group 1: Securities Repurchase Details - The repurchase program involves ordinary shares with the ISIN code FR001400AJ45 [1] - On November 28, 2025, Michelin acquired a total of 707,752 shares at an average price of 28.2585 euros per share [1] - The transactions were conducted over-the-counter, reflecting a direct approach to share buybacks [1] Group 2: Transaction Overview - The issuer's name is Michelin, with the issuer code being 549300SOSI58J6VIW052 [1] - The transaction was executed through BNP Paribas, indicating collaboration with a financial institution for the buyback process [1] - The total volume of shares acquired on the specified date highlights the company's commitment to returning capital to shareholders [1]