×
78 848
Fashion Jobs
URBN
Urbn Purchasing Coordinator
Permanent · KANSAS CITY
URBN
Urbn Transportation Specialist
Permanent · PHILADELPHIA
URBN
Anthropologie Senior Manager of Brand & Corporate Communications
Permanent · PHILADELPHIA
URBN
Urbn Purchasing Coordinator
Permanent · KANSAS CITY
URBN
Urbn Transportation Specialist
Permanent · PHILADELPHIA
URBN
Anthropologie Senior Manager of Brand & Corporate Communications
Permanent · PHILADELPHIA
URBN
Free People Movement Senior Account Executive Department Stores
Permanent · NEW YORK
URBN
Urbn qa Inspector Clerk
Permanent · LEVITTOWN
URBN
Free People: Senior Buyer, Denim/Bottoms
Permanent · PHILADELPHIA
SACK OFF 5TH
Keyholder
Permanent · PITTSBURGH
SACK OFF 5TH
Asset Protection Investigator
Permanent · LAS VEGAS
SACK OFF 5TH
Asset Protection Manager
Permanent · ELIZABETH
SACK OFF 5TH
Asset Protection Investigator
Permanent · CYPRESS
SACK OFF 5TH
Associate Drop Ship
Permanent · NEW YORK
SACK OFF 5TH
Asset Protection Investigator
Permanent · ESTERO
FABLETICS
sr. Trade Compliance Specialist
Permanent · EL SEGUNDO
UNDER ARMOUR
Corporate Controller & Chief Accounting Officer
Permanent · BALTIMORE
COLUMBIA
International Distributor Sales Manager - Latam
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Palm Beach Gardens
Permanent · PALM BEACH GARDENS
BLOOMINGDALE'S
Director, Copy
Permanent · NEW YORK
BLOOMINGDALE'S
Trade Area Asset Protection Leader - NY/NE
Permanent · WHITE PLAINS
BLOOMINGDALE'S
Assistant General Manager
Permanent · NEWTON
Translated by
Roberta HERRERA
Published
Dec 23, 2022
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tendam to propose a further capital reduction of 17 million euros to its shareholders

Translated by
Roberta HERRERA
Published
Dec 23, 2022

Tendam is working on a new capital reduction amounting to 17 million euros. To this end, the board of directors of Tendam Retail has called a special shareholders' meeting to be held on January 23, 2023.


Tendam to propose a further capital reduction of 17 million euros to its shareholders - Tendam


The purpose of this operation will be to "return contributions to shareholders", whereby the nominal value of outstanding shares will be reduced by 0.011 euros, as detailed by the company in a statement published on its website.

This will be the company's third similar move in less than a year: in May it announced a 30% capital reduction of 80.8 million euros in order to "optimize and rationalize the company's equity, the amount of which exceeds its operating needs," stated the company at the time.

The second capital reduction, amounting to 79.2 million euros, was announced in September with the objective of "returning contributions to shareholders by reducing the par value of each and every outstanding share".

Tendam Retail is controlled by Tendam Brands, which in turn is owned by CVC and Pai funds. The group, which comprises brands such as Cortefiel, Pedro del Hierro, Springfield and Women'secret, is experiencing an upward economic momentum: in the first half of the year it earned 577.4 million euros and increased its profit by 34%.

Copyright © 2023 FashionNetwork.com All rights reserved.