Burberry : Slightly better in Q2 but we remain cautious thereafter
>The improvement in China could lead to more visible growth in Q2, but the future is a source of debate - We understand that with the re-opening of China in Q2 (calendar Q3), retail growth y-o-y at cc on a comparable basis should have improved significantly for Asia vs the previous quarter when it was negative at -16%. Europe slowed vs the +47% generated in Q1, that was reflecting a favourable comparison base, but should remain in the double-digits, lastly the Americ...Burberry Group designs, makes, sources and sells luxury products under the Burberry brand. Co.'s products are for women, men and children and include apparel, accessories, and beauty. Co.'s products are sold globally through its directly operated store network and online at Burberry.com, as well as through franchisees and third-party retailers, both offline and online. In a few selected areas such as Eyewear and Beauty, Co. uses the product and distribution capability of licensing partners. Co. operates in three regions: Asia Pacific; Europe, Middle East, India and Africa; and Americas. As of Mar 31 2017, Co.'s store portfolio had 469 directly-operated stores and 48 franchise stores.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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