Ink has been working with Hong Kong Airlines for a little over a year. In that short time, the airline has grown quickly, new teams have joined and big plans set in motion. We saw an exciting opportunity for their inflight magazine (previously Aspire) not just to excite readers but lead the way in shaping the airline’s brand identity in the years to come. We were fortunate to be working with a team, led by the airline’s Chief Marketing Officer, George Liu, who championed the initiative from the start. His team were clear that they wanted the new magazine to celebrate their home city, and we used that as the jumping-off point for a completely new concept, unlike any other magazine in the skies. Click read more below for additional detail.
Office Depot, Inc. (NASDAQ: ODP) today announced that the Board of Directors has authorized a stock repurchase program of up to $100 million of its outstanding common stock.
The stock repurchase authorization, which is effective immediately, permits the company to repurchase stock from time-to-time through a combination of open market repurchases, privately negotiated transactions, 10b5-1 trading plans, accelerated stock repurchase transactions and/or other derivative transactions. The program, which extends for a period of 12 months, may be suspended or discontinued at any time. The exact number and timing of share repurchases will depend on market conditions and other factors, and will be funded through existing liquidity.
Office Depot Chairman and CEO Roland Smith commented, “As we communicated on May 16th, we are finalizing our comprehensive strategic review, which includes capital structure and return of capital alternatives. Today’s announcement reflects our commitment to shareholder return. We are continuing to work with our advisors to explore additional opportunities to further enhance shareholder value.”