Tod's: Not Likely a Standalone Business For Much Longer; LVMH Is a Logical Buyer
Tod's SpA (TOD IM) is a well known Italian luxury shoes and leather bags producer Tod's market cap is just under 1.8B EUR and Della Valle family...
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Narrow-Moat Prada's 1H 2017 Performance Underwhelms but Not Beyond Repair; Shares Undervalued
We retain our narrow moat rating after Prada reported results that missed our implied full-year forecasts and consensus first-half 2017...
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Sector Capsule: Womenswear in Japan
Headlines Marginal current value decline from 2015 to reach JPY3,416.8 billion in 2016 Women's office clothing benefits from growing number of...
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Prada Sales Update Disappoints; No Change to Fair Value Estimate
Prada’s preliminary 2016 year-end sales release showed reported revenue down 10% or 9% at constant exchange rates compared with the prior year. The...
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Coach December Results: Negative Implications for Asian Luxury Retail & Chinese Tourist Spending
Luxury goods retailer Coach Inc (COH US) reported December quarter results on the morning of January 31st in New York. Revenue was bang in-line...
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