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Resolutions of Marimekko Corporation's Annual General Meeting and the Board of Directors' constitutive meeting
GlobeNewswire News Room· 2025-04-15 12:30
Core Viewpoint Marimekko Corporation held its Annual General Meeting (AGM) on April 15, 2025, where key resolutions were made regarding financial statements, dividend distribution, board remuneration, and corporate governance. Group A: Resolutions of the Annual General Meeting - The financial statements for 2024, including the income statement and balance sheet, were adopted [2] - A regular dividend of EUR 0.40 and an extraordinary dividend of EUR 0.25 per share for the financial year 2024 were approved, to be paid on April 28, 2025 [3] - The members of the Board of Directors and the President and CEO were discharged from liability for the financial year 2024 [4] - The remuneration report for governing bodies was adopted as an advisory resolution [5] - The annual remuneration for Board members was set at EUR 55,000 for the Chair, EUR 40,000 for the Vice Chair, and EUR 30,000 for other members, with unchanged fees from 2024 [6] - Approximately 40% of the annual remuneration will be paid in Marimekko shares, with the remainder in cash, subject to certain conditions [7] - The Board of Directors will consist of six members, with Massimiliano Brunazzo, Carol Chen, Mika Ihamuotila, Teemu Kangas-Kärki, Tomoki Takebayashi, and Marianne Vikkula re-elected [8] - KPMG Oy Ab was re-elected as the company's auditor and sustainability reporting assurance provider [9] - The AGM resolved to amend the Articles of Association to include provisions for appointing a sustainability assurance provider [11] - The Board of Directors was authorized to acquire up to 150,000 of the company's own shares, representing approximately 0.4% of total shares [12] - The Board was also authorized to issue new shares and transfer the company's own shares, not exceeding 200,000 shares, representing approximately 0.5% of total shares [13] Group B: Resolutions of the Board of Directors' Constitutive Meeting - Mika Ihamuotila was elected as Chair of the Board, and Teemu Kangas-Kärki as Vice Chair [14] - Teemu Kangas-Kärki was appointed as Chair of the Audit and Remuneration Committee, with Mika Ihamuotila and Marianne Vikkula as members [14] Group C: Company Overview - Marimekko is a Finnish lifestyle design company known for its original prints and colors, with a product portfolio that includes clothing, bags, accessories, and home décor [16] - In 2024, the company's net sales totaled EUR 183 million, with a comparable operating profit margin of 17.5% [16] - The company operates approximately 170 stores globally and serves customers in 39 countries through its online store [16]
Prada to make a decision on Versace takeover deal this week, source says

New York Post· 2025-04-06 19:48
Core Viewpoint - Prada is considering a takeover of Versace, with negotiations entering a final phase and a potential announcement expected soon [1][4]. Group 1: Deal Details - A potential deal to acquire Versace, currently owned by Capri Holdings, could be announced on Thursday, with the price possibly reduced to 1 billion euros ($1.1 billion), which is one-third lower than initial estimates [2]. - Capri Holdings' CEO John Idol is expected to visit Milan to discuss the deal, indicating active engagement in the negotiations [3]. - Prada had exclusive access to Versace's financial data for four weeks starting in late February, which has since been extended, suggesting thorough due diligence [3]. Group 2: Company Background - Versace was acquired by Capri Holdings for 1.8 billion euros in 2018 but has been operating at a loss recently [6]. - Donatella Versace recently stepped down as chief creative officer, with Dario Vitale, a former Miu Miu designer, taking over the role [6].
How To Earn $500 A Month From UniFirst Stock Ahead Of Q2 Earnings
Benzinga· 2025-04-01 12:06
Core Insights - UniFirst Corporation is set to release its second-quarter financial results on April 2, with expected earnings of $1.34 per share, an increase from $1.12 per share in the same period last year [1] - The company projects quarterly revenue of $602.81 million, up from $590.71 million a year earlier [1] - Cintas Corporation has ended its acquisition talks with UniFirst, having offered $275 per share in cash [1] Financial Performance - Analysts anticipate a quarterly earnings increase to $1.34 per share from $1.12 per share year-over-year [1] - Projected quarterly revenue is $602.81 million, reflecting a year-over-year increase from $590.71 million [1] Dividend Information - UniFirst currently offers an annual dividend yield of 0.80%, translating to a quarterly dividend of $0.35 per share, or $1.40 annually [2] - To achieve a monthly income of $500 from dividends, an investor would need approximately 4,286 shares, equating to a total investment of about $745,764 [3] - For a more conservative monthly income goal of $100, an investor would require 857 shares, amounting to an investment of approximately $149,118 [3] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on stock price changes [4] - An increase in stock price results in a lower dividend yield, while a decrease leads to a higher yield, assuming the dividend payment remains constant [4] - Changes in the dividend payment itself can also affect the yield; an increase in dividends raises the yield, while a decrease lowers it [5] Stock Performance - Shares of UniFirst rose by 0.1% to close at $174.00 on the preceding Monday [5]