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Swiss Cybersecurity Firm WISeKey Ends Share Buyback ProgramCybersecurity firm WISeKey (WKEY) has ended a Class B-share b...
08/07/2022

Swiss Cybersecurity Firm WISeKey Ends Share Buyback Program

Cybersecurity firm WISeKey (WKEY) has ended a Class B-share buyback program it commenced three years ago after repurchasing over 1 million shares for around 1.47 million Swiss francs ($1.5 million).
The Zug-based firm repurchased 1,074,305 shares at a price of 1.37 francs apiece, it said in a statement Friday.
The program began in July 2019 to create a reserve for potential merger and acquisition activity, an employee share-incentive program, convertible loans and on-demand equity lines.
WISeKey is a cybersecurity firm focusing on digital identity ecosystems incorporating blockchain technology.
In March last year, it announced it was developing an application for non-fungible tokens (NFTs) that would authenticate physical and digital objects of value.

The Stylist Who Owns More Than 1,000 Pieces of Abercrombie & FitchMarcus Allen has a long history with Abercrombie & Fit...
28/06/2022

The Stylist Who Owns More Than 1,000 Pieces of Abercrombie & Fitch

Marcus Allen has a long history with Abercrombie & Fitch and quite a number of pieces. The New York–based stylist estimates he has more than 1,000 items—“at minimum”—some of which date back to the 1960s. To see the pieces, clients have to visit his appointment-only archive titled The Society Archive, much of which he often pulls from for his own styling. Allen worked at the infamous “all-American” mall brand when he was in high school in a small town outside of Boston. As a teen, he was fascinated. “I really, really love product, so I’ve always been intrigued by brands. If you walk into a store in the mall, you understand exactly what that world is. It’s why we spend money,” he says.

Of course, Abercrombie & Fitch is riddled with controversy. This year’s documentary White Hot: The Rise & Fall of Abercrombie & Fitch addresses the brand’s alleged hiring practices, which favored white employees with thin and fit body types. “It’s not my intention to recreate what Abercrombie & Fitch was doing or promoting,” Allen says. “My intention is to promote and build a brand identity with a new perspective with this familiar product.”

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