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Marimekko to start acquiring the company’s own shares
Globenewswire· 2026-02-12 06:05
Core Viewpoint - Marimekko Corporation's Board of Directors has decided to initiate a share buyback program, acquiring up to 90,000 shares, which is approximately 0.22% of the total shares outstanding, starting from 16 February 2026 and expected to conclude by the end of May 2026 [1] Group 1: Share Buyback Details - The Annual General Meeting on 15 April 2025 authorized the acquisition of a maximum of 150,000 shares, representing about 0.4% of the total shares [2] - The shares will be purchased using funds from the company's non-restricted equity, which will reduce the funds available for distribution [2] - The acquired shares may be used for incentive compensation programs, transferred for other purposes, or cancelled, with the authorization valid until 15 October 2026 [2] Group 2: Company Overview - Marimekko Corporation has a total of 40,649,170 shares and currently holds 77,790 of its own shares [3] - In 2025, the company's net sales reached EUR 190 million, with a comparable operating profit margin of 17.1% [3] - Marimekko operates approximately 170 stores globally and serves customers in 39 countries through its online store, with key markets in Northern Europe, the Asia-Pacific region, and North America [3]
Next to acquire Russell & Bromley in £2.5m cash deal
Yahoo Finance· 2026-01-21 13:02
Core Viewpoint - Next has announced a deal to acquire a portion of Russell & Bromley's stock for £1.3 million, with the transaction subject to court approval expected later today [1][3]. Group 1: Transaction Details - The acquisition involves transferring Russell & Bromley's Oxford Street, King's Road, and Bluewater Shopping Centre stores to a Next license [1]. - A total of 33 stores and nine concessions of Russell & Bromley are excluded from the transaction and will continue to operate while options for them are assessed by joint administrators [2]. - The deal is being executed through a pre-pack insolvency process managed by Interpath [3]. Group 2: Company Background and Future Plans - Russell & Bromley, founded in 1879, specializes in men's and women's footwear, bags, and accessories, employing around 440 people [4]. - Next aims to secure the future of Russell & Bromley, emphasizing operational stability and expertise to support the brand's legacy in premium footwear and accessories [3]. - The CEO of Russell & Bromley stated that the decision to sell was made after a strategic review, highlighting it as the best route to ensure the brand's future [3].