77
Fashion Jobs
BEIERSDORF
Sales Representative North Greece (Based in Thessaloniki)
Permanent · ATHENS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · THESSALONIKI
L'OREAL GROUP
Senior Product Manager Maybelline – Consumer Products Division
Permanent · NEA IONIA
CLINIQUE
Consumer Marketing Manager, Clinique
Permanent · ATHENS
LA MER
Consumer Marketing Executive, LA Mer
Permanent · ATHENS
TOM FORD
Consumer Marketing Manager Tom Ford
Permanent · ATHENS
L'OREAL GROUP
Beauty Advisor
Permanent · THESSALONIKI
L'OREAL GROUP
Nyx pm Beauty Advisor (Attiki)
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · CHALANDRI
ESTÉE LAUDER COMPANIES
Fixed Assets & Decorations Supervisor
Permanent · ATHENS
SEPHORA
Accounting
Permanent · ATHENS
SEPHORA
Category Specialist
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Mare West) - Μερική Απασχόληση
Permanent ·
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · PIRAEUS
H&M
Hiring Day Chania - Sales Advisors
Permanent · CHANIA
MAD LORDS
Sales Assistant Scorpios Mykonos
Fixed-term · MYKONOS
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · MAROUSI
FOOT LOCKER
Συνεργάτης Πωλήσεων
Permanent · ATHENS
H&M
Σύμβουλος Πωλήσεων (Metro Mall) - Μερική Απασχόληση
Permanent · AGIOS DIMITRIOS
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · KALAMATA
H&M
Σύμβουλος Πωλήσεων - Μερική Απασχόληση
Permanent · NEA IONIA
GUESS
Sales Advisor (Greece)
Permanent · ATHENS
Translated by
Roberta HERRERA
Published
May 19, 2022
Reading time
2 minutes
Download
Download the article
Print
Text size

Kering and LVMH continue their share buyback program

Translated by
Roberta HERRERA
Published
May 19, 2022

Spurred on by their good performance, the two largest French luxury groups Kering and LVMH are continuing their respective share buyback programs this spring. 


The Paris stock exchange - Palais Brongniart


Kering announced the third tranche of its ongoing share buyback program, launched on August 25, 2021, on which the company plans to "repurchase up to 2% of its share capital over a 24-month period."

In November and April, the Kering group led by François-Henri Pinault finalized the first two tranches of this program, each covering nearly 0.5% of its share capital.

This new tranche concerns "a maximum volume of 650,000 shares, i.e. approximately 0.5% of Kering’s outstanding share capital as of April 28, 2022," the group said in a statement. The maximum purchase price per share has been set at 1,000 euros. The purchase period is scheduled to start on May 18, 2022 and last until July 19, 2022 at the latest.

"The shares acquired under this third tranche are to be partly cancelled. The remaining fraction of the repurchased shares is intended to cover free share grant programs to some employees. The respective volumes will be determined at the end of the buyback period," said the group, which recently introduced an equity compensation plan for employees.

Meanwhile, LVMH has given a mandate to an investment services provider to acquire its shares. The transaction is worth a maximum amount of one billion euros or 10 million shares over a period starting on May 17 and ending November 15, 2022.
 
"The price of the shares bought under this mandate may not exceed the limit of 1,000 euros per share as set by the LVMH general meeting of April 21. The shares repurchased are intended to be cancelled," the world's largest luxury group said in a statement.

Copyright © 2024 FashionNetwork.com All rights reserved.