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The latest update is out from Van de Velde NV ( (GB:0IWV) ).
Van de Velde NV announced the acquisition of 5,138 treasury shares on Euronext Brussels between January 6 and January 14, 2025, at an average price of €29.44 per share. This buyback, authorized by the Board of Directors, is a strategic move reflecting the company’s confidence in its business strategy. The decision follows a recent reduction in the number of own shares due to the destruction of 230,995 shares, adjusting the company’s holdings to 224,929 shares, which now constitute 1.75% of its total shares.
More about Van de Velde NV
Van de Velde NV is a company specializing in the creation of high-quality, fashionable lingerie under premium brands such as PrimaDonna, Marie Jo, and Sarda. With a strong belief in empowering women through beautifully fitting lingerie, the company emphasizes impeccable in-store service as part of their Lingerie Styling Concept. Van de Velde operates in partnership with 3,600 independent boutiques globally and also manages its own retail brands, Rigby & Peller and Lincherie, primarily focusing on markets in Europe and North America.
YTD Price Performance: -0.51%
Average Trading Volume: 238
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €366.8M
Learn more about 0IWV stock on TipRanks’ Stock Analysis page.