PARIS (Reuters) - LVMH's shares slumped on Wednesday to their lowest level since December after the French luxury group reported slower third-quarter sales growth, providing...
KUALA LUMPUR (Reuters) -Swiss watchmaker Swatch Group (SIX:UHR) has filed a lawsuit against the Malaysian government for confiscating rainbow-coloured watches that celebrate LGBT...
By Sruthi Shankar (Reuters) -European stocks reversed early gains on Tuesday as better-than-expected business activity data in the euro zone failed to excite investors worried...
By John Revill ZURICH (Reuters) - Swatch Group (SIX:UHR) shares hit their highest level in nearly two-and-a-half years on Tuesday after the world's biggest watchmaker said it...
By Scott Kanowsky Investing.com -- Swatch Group AG (SIX:UHR) has said it expects to report a "record year" in 2023, thanks to a strong performance in January in its key Chinese...
By Scott Kanowsky Investing.com -- European shares wavered on Tuesday, as investors mulled over the path forward for Federal Reserve monetary policy and digested fresh economic...
By Silke Koltrowitz ZURICH (Reuters) -Luxury goods group Richemont on Friday reported higher sales in the United States and Europe in the three months to June, which offset a 37%...
This company has 10 billion in hand and no debt at all. Look at the margins, 80% gross margins. The net profit is at 11%, but I guess they write down a lot of costs to avoid giving it as taxes. This is very undervalued. I think the fears of a potential economic downturn have kept it down like all the other luxury brands
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Yamana Gold Inc US AUY NYSE safe investment and double price soon as China will buy all their Gold stocks in physical spot basis.!
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The share lost roughly 30% since January 2014...a new competitor like APPLE appeared in the market...there is no clear strategy form the company, no vision, no management...sell and run!
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you clearly dont know the company and its competitive advantage...
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So what is their comp advantage? Value chain verticalization and dominant position in Swiss Made mechanical watches?
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I guess only Longines, Omega, Breguet, Blancpain are still doing profits... Tissot is structurally impaired, same for Rado, Swatch, Hamilton, Certina, Jacquet D, ... so 2/3 of portfolio. But they need to produce for third parties, which means fix costs on their P&L. Inventories? More than 7bn tighted up at factory (!) prices. That is almost bigger than 12 mths revenues. Impairements ahead? If so huge impact on brand image, as markets will be flooded by Swiss Watches at discount prices. So back to Pippo: if u did some profit here... take your money and get the ******out of it