Universal Store CEO Sells Shares for Personal Reasons

Universal Store Holdings Ltd. ( (AU:UNI) ) just unveiled an update.

Universal Store Holdings Ltd announced a change in the director’s interest notice as Alice Barbery, the Group Managing Director and CEO, sold 350,000 ordinary shares to fund the building of a new home. Despite this sale, Ms. Barbery retains a significant holding of 1,812,897 ordinary shares and 344,655 performance rights in the company. This transaction reflects a personal financial decision by a key executive and does not indicate a change in the company’s operational or strategic direction.

More about Universal Store Holdings Ltd.

Universal Store Holdings (ASX: UNI) is a company that owns a portfolio of premium youth fashion brands and operates omni-channel retail and wholesale businesses. Its principal businesses include Universal Store, trading under the Universal Store and Perfect Stranger retail banners, and CTC, trading the THRILLS and Worship brands. The company operates 109 physical stores across Australia and has a focus on delivering on-trend apparel products to a target demographic of 16-35 year-old fashion-focused customers.

YTD Price Performance: -6.58%

Average Trading Volume: 137,837

Technical Sentiment Signal: Sell

Current Market Cap: A$599.2M

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