Van de Velde NV (GB:0IWV) has released an update.
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Van de Velde NV has initiated a share buyback program on the Euronext Brussels to manage its excess cash, purchasing 4,668 shares at an average price of €29.20 per share. This strategic move is part of the company’s ongoing efforts to strengthen its financial position while maintaining a strong market presence with its luxury lingerie brands. Van de Velde now holds 440,560 own shares, representing 3.4% of its total shares.
For further insights into GB:0IWV stock, check out TipRanks’ Stock Analysis page.
