Report
Luxury & Fashion
Last week, Abercrombie & Fitch, American Eagle Outfitters and GAP have all slashed their FY outlook, unlike Ralph Lauren which beat CS expectations. This dichotomy illustrates again how “mainstream” fashion companies are struggling to maintain profitability amid rising costs, on top of currency headwinds (i.e. stronger USD). In our view, upcoming publications of H&M and Inditex will show their relative better resilience but we continue to favor Inditex that is the best-positioned to weather this challenging environment.
Provider
Bryan Garnier
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Cedric Rossi
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