Orchestra Kazibao SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Orchestra Premaman SA Announces FY 2012 Dividend Proposal and Update on Premaman Integration Plan Including Headcount Reduction
Orchestra Premaman SA announced that it will recommend at the annual general meeting on July 9, 2013, the distribution of a dividend of EUR 1.85 per share for full year 2012. Shareholders will be able to receive dividend payment in new shares as well as cash. The Company also announced an update on Groupe Premaman integration plans, which include a headcount reduction of 100 employees, the creation of a central purchasing agency, the closure of around 12 Premaman stores, the release of Orchestra ETE 2013 textile collection in all Premaman stores, and the finalization of the sale of six real estate properties out of 15 properties to be divested. The following actions are currently being implemented: the IT integration of Groupe Premaman, the finalization of the real estate properties divestiture plan, and the rationalization of the network of stores.
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