New Delhi: Men’s lifestyle brand XYXX has announced its employee stock ownership plan (ESOP) buyback, it said in a press release on Monday.
The brand introduced the ESOP programme 4 years ago and employees who have completed their tenure are eligible for the buyback.
The ESOP programme is eligible from the senior managers to head of departments and executive leadership who have worked for over the last 7 years.
“Announcing our first-ever ESOP buyback is a proud moment for the leadership team, and especially me. It reaffirms my belief in the collective success of Team XYXX and the pivotal role they have played in our growth story,” said Yogesh Kabra , founder & CEO, XYXX.
XYXX is a mens innerwear brand which has over 22,000 touchpoints. Currently, the brand has seen a growth with a CAGR of 100 per cent.
