Wednesday, January 28, 2026 at 4:07 PM
The German footwear maker, famed for its cork sandals, looks to multiply its store footprint by the 2028 fiscal year.
The German footwear and apparel company will begin a €1 billion buyback program for 2026 after it reported higher preliminary revenue for the fourth quarter.
The apparel company recorded one of its strongest quarters in over three years in its Americas region, driven by its North Face and Timberland brands.
The €1 billion share buyback reflects positive brand momentum and cash-flow generation, robust fundamentals and management confidence, the company said.
Ireland’s GDP was 12.6% higher on year, the fastest expansion since 2021, even as Trump raised tariffs on imports from Europe and urged businesses to bring their production to the U.S.
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