Tranche Update on Westwing Group SE's Equity Buyback Plan announced on December 5, 2022.
November 09, 2023 at 08:41 am EST
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From July 1, 2023 to September 30, 2023, the company has repurchased 60,778 shares, representing 0.3% for ?0.54 million. With this, the company has completed the repurchase of 407,570 shares, representing 1.99% for ?3.59 million under the buyback announced on December 5, 2022.
Westwing Group SE is a Germany-based company specializing in the home and living e-commerce sector. The Company offers a broad range of home products, which include home decor products, home accessories, textiles and rugs, and large and small furniture, such as living and dining furniture, upholstery, and bedroom furniture, as well as kitchen and dining, lighting, and other products under own private label and third-party brands. It cooperates with more than 500 partners, including designer brands, manufacturers, and suppliers, such as KitchenAid, Flos, Nespresso, jankurtz, Jonathan Adler, hessnatur, among others. The Company is active in 11 European countries, including Germany, Austria, Switzerland, Belgium, the Czech Republic, France, Italy, the Netherlands, Poland, Spain, and Slovakia.