"Aggressive proposals to be made"

[JGJG]

From the Magnus Mendax blog:

We thought we would now set out the precise effect in percentage terms of some of the top brands, and controlling groups, you and we know of that have been affected, along with proposed action they will be taking.

Burberry : 27% drop in sales : Dividends will be witheld
Nike : 38% drop in sales : Plans to open 200 more stores
Ferrari : 60% drop in sales : No action planned
Adidas : 8% drop in sales : Certain stores will remain closed
Ralph Lauren : 60% drop in sales : "will work harder"
LVMH : 17% drop in sales : No action planned
Urban Outfitters : 60% drop in sales : No action announced
Hermes : 8% drop in sales :No action planned
Gucci : 44% drop in sales : Brand wide store closures
Richemont : 47% drop in sales : "aggressive proposals to be made"
L'Oreal : 5% drop in sales : No action planned



http://magnusmendax.blogspot.com/202...-industry.html

[murkeywaters]

Interesting, probably better in the G&D Where to invest thread?

[JGJG]

Interesting, probably better in the G&D Where to invest thread?

Ah, for context I thought the Richemont numbers applicable to WT, but certainly take your point!