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Farfetch is a leading luxury marketplace, sourcing products from around the world. Shares have moved widely, gaining and losing high double digits. Macroeconomic developments suggest luxuries will struggle in the coming months. Farfetch's financials are underwhelming, and we s...
Falling high-end watch prices could point to worrisome prospects for luxury retailers like LVMH ( OTCPK:LVMHF ) and Richemont ( OTCPK:CFRHF ) during 2022's second half. According to WatchCharts , resale prices for luxury watches - which some people buy as investments - h...
A less confident consumer was cause enough for Goldman Sachs to cut forecasts for Prada (OTCPK:PRDSY). The bank indicated that the risk/reward profile of the stock is no longer as attractive as it once was amid uncertainty in the luxury industry on both supply and demand sides. While returnin...
Richemont may have missed the mark on its headline earnings numbers but there were positives. Jewellery Maisons' pricing power is allowing for resilient margins while its secular growth drivers remain intact. With a potentially accretive YNAP deconsolidation also in the pipeline, ...
LVMH owns many of the world's leading luxury brands, including LV and Dior. LVMH has performed extremely well during the last few years on the back of effective marketing. Economic conditions are deteriorating but it is difficult to see where we go from here; importantly, we believe L...
Compagnie Financière Richemont SA (OTCPK:CFRHF) shares fell by the largest margin in years after a bearish earnings report on Friday. The Zurich-based Cartier parent cautioned that Chinese demand remains slow as lockdowns continue to temper growth in the region and 40% of its retail netw...
Gardner Russo & Quinn's 13F portfolio value decreased from $11.21B to $10.39B. Russo increased Ashtead Group plc during the quarter. The top three 13F stakes are Berkshire Hathaway, Nestle, and Mastercard. They add up to ~41% of the portfolio. For further details see: ...
Third Point, the hedge fund run by Dan Loeb, increased its position in Royal Dutch Shell (NYSE:SHEL) in Q1 after it first disclosed a stake in October and called for the oil giant to separate into multiple standalone companies. Third Point is engaged in talks with Shell (SHEL) mana...
Fisher's 13F portfolio value decreased from ~$179B to ~$165B in Q1 2022. Nvidia, Intuit, Broadcom, Verizon, Uber, AMD, & Meta Platforms were increased while reducing Intel, Walmart, Walt Disney, Cisco, UnitedHealth, Starbucks & Visa this quarter. The top three positions ar...
Farfetch operates a global luxury marketplace, but we are most excited about the prospects for Farfetch Platform Services. We expect FTCH to break out the financials of FPS in the next year or two. We think FTCH stock has a significant upside over a 5-year time horizon. ...
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After a challenging 2019, many market watchers anticipated a better diamond outlook in 2020 . The year did show promise early on with a number of large diamond discoveries , but COVID-19 lockdowns and the fallout from the global pandemic have weighed heavily on the sector. As Avi Krawi...