POLAND: Vistula Drops ZL16m Share Buy Back Plan
The Cracow-based clothing manufacturer Vistula will not spend ZL16m ($3.6m) on the buy-back of its shares from subsidiaries, the company's general shareholders meeting decided last week, citing fiscal doubts. According to earlier plans, Vistula was to buy back 1.1m shares, constituting 20 per cent of equity, from its subsidiaries such as Vistula Market, Lantier Polska or Staszow, but the plan was dropped as it was unclear whether the company would have to pay some ZL3m ($673,492) in tax on the transaction, said chairman Janusz Plocica.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Fashion fit for the future – strategies for speed
- How PVH is paving the way for connected apparel
- Digitisation to drive new apparel-making models
- Under Armour Lighthouse will disrupt production
- Will new Vietnam wage hinder competitiveness?
- US Q3 in brief - Rocky Brands, Gymboree Corp
- Child refugees found in Turkey apparel factories
- Chinese manufacturer invests $20m in US facility
- Managing change in the move to new tech tools
- Apparel brands "ignoring" refugee abuse in Turkey
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global Sports and Fitness Wear Market 2016-2020
- Apparel (GLOBAL) - Industry Report