Generally B hit its targets and reaffirmed guidance for next year.
Yet the business is valued on China sales and % comparisons with LVMH & Kering - didn’t LVMH have problems with its Hong Kong sales? Is it fair to look at low digit sales growth when Tisci’s new collection in an upgraded store is said to boost sales by 14% to 15%? The City seems to be deaf/blind to upto 14%+ rolled out across the business potential.
The City got it wrong on B over China/USA trade spat last year. Theyjust remind me of the sandwicboard sign saying the end of the World is nigh - one day their predictions will be right. If they were always right we wouldn’t see pension deficits or asset bubbles, etc.