SWITZERLAND. Leading travel retail to dining player Avolta launches a new share buyback programme on Monday 16 March for an amount of up to CHF225 million (US$289 million).
The move is for the purpose of capital reduction by way of share cancellation and to “enhance shareholder value in line with Avolta’s Destination 2027 strategy,” said a statement.
The buyback was flagged in the company’s annual results announcement earlier this week. The programme will end no later than 15 March 2027. ✈
The vibrant opening, featuring colourful artwork evoking a sense of Peru, was revealed by the airport hospitality company’s Vice-President Latin America Giorgio Benza on LinkedIn today (31 July).
Hughes will support Ethos Farm’s international growth strategy, including the development of Ethos Farm Americas and the consultancy’s expanding presence in the Middle East and Asia.
Fragrance-led growth, expanding profitability and strong performances in travel retail, North America and Asia Pacific underpin a resilient first half as the prestige beauty group reaffirms its full-year outlook.
