Van de Velde NV Boosts Shareholder Value with Buyback

Van de Velde NV (GB:0IWV) has released an update.

Van de Velde NV has initiated a share buyback program on the Euronext Brussels to reduce excess cash, acquiring 6,396 shares at an average price of €29.16 each. This move aligns with the company’s strategy to enhance shareholder value, owning now a total of 446,956 shares, which is 3.4% of its total shares. Van de Velde is renowned for its high-quality lingerie brands and operates extensively in Europe and North America.

For further insights into GB:0IWV stock, check out TipRanks’ Stock Analysis page.