ares of Skechers USA Inc (NYSE:SKX) ended Friday session in green amid volatile trading. The shares closed up +0.16 points or 0.73% at $22.09 with 3.79 million shares getting traded. Post opening the session at $21.90, the shares hit an intraday low of $21.84 and an intraday high of $22.60 and the price vacillated in this range throughout the day. The company has a market cap of $3.60 billion and the numbers of outstanding shares have been calculated to be 133.32 million shares.
On September 22, 2016 Skechers Performance™, a division of SKECHERS USA, Inc. (SKX), is thrilled to announce its 2016 partnership with Breast Cancer Care, the only specialist UK-wide charity providing support for anyone affected by breast cancer. For the first time in the United Kingdom, Skechers Performance will launch a two-month marketing programme that includes in-store, digital, print and social media executions. To commemorate the partnership, Skechers Performance is releasing a limited edition footwear collection marked with the iconic breast cancer awareness pink ribbon, which will be available in SKECHERS retail stores and online, late September 2016.
“We are proud to partner with Breast Cancer Care and help their cause, providing care, support and information to help thousands of people to find a way to live with, through and beyond breast cancer.” said Peter Youell, SKECHERS UK & Ireland Managing Director. “After seeing the success of previous partnerships, we wanted to continue and expand our support for breast cancer charities in the United Kingdom. In this new collaboration we wish to help raise awareness about all the incredible free services that Breast Cancer Care provide, including face-to-face support, vital information and the confidential Helpline.”
Shares of Philip Morris International Inc. (NYSE:PM) ended Friday session in red amid volatile trading. The shares closed down -0.18 points or -0.18% at $101.53 with 3.76 million shares getting traded. Post opening the session at $101.60, the shares hit an intraday low of $101.02 and an intraday high of $101.94 and the price vacillated in this range throughout the day. The company has a market cap of $159.18 billion and the numbers of outstanding shares have been calculated to be 1.55 billion shares.
Philip Morris International Inc. (PM) on September 23, 2016 inaugurated its first manufacturing facility for large scale production of two heated tobacco alternatives to cigarettes. The announcement was made at an event at the factory in the presence of the Italian Prime Minister Matteo Renzi. The initial annual production capacity of the factory will be approximately 30 billion units.
“Our ambition is to lead a full-scale effort to ensure that non-combustible products ultimately replace cigarettes to the benefit of adult smokers, society, our company and our shareholders. This factory is a milestone in our roadmap toward this paradigm shift,” said André Calantzopoulos, PMI’s Chief Executive Officer. “This investment underscores our strong commitment to Italy and in particular to the Bologna region, which is not only home to one of our most technologically advanced filter factories located in Zola Predosa, but which also offers great infrastructure and, most importantly, access to exceptional human talent.”
Representing an anticipated investment of approximately EUR 500 million, this state-of-the-art facility currently employs over 300 people and, when fully operational, may employ up to 600. PMI affiliates in Italy already employ over 1000 people. The pre-existing pilot plant will gradually become a training center to continue to develop PMI’s manufacturing know-how and serve as a knowledge-hub for other PMI manufacturing facilities.