(AOF) – Howard Schultz, who took over as head of Starbucks, announced the end of share buybacks. However, the founder of the coffee chain does not apply this decision. He repurchased in his own name 137,500 shares at an average price of 72.67 dollars each. The investment amounts to 10 million dollars. Howard Schultz now owns 19.5 million Starbucks shares in a personal account and an additional 2.2 million shares through limited liability companies.
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Small amusement parks struggling
Declining turnover, investments to be made: these players are not getting their heads above water. These parks, which welcome 100,000 to 350,000 visitors per year, had to reduce their investments following the health crisis. But every year they invest between 10% and 20% of their turnover to create something new and attract new customers from a little further away and build loyalty. Many of these players, who have gone into debt to cope with the crisis, will soon have to repay their state-guaranteed loans (PGEs). At the end of the first year, companies can decide to reimburse their PGE immediately, amortize it over 1 to 5 additional years, or mix these two solutions. Faced with a period that it considers insufficient, the National Union of Leisure, Attraction and Cultural Spaces (Snelac) is asking that the EMP be transformed into investment aid for the sector or that it be extended to 15 years.