We’re presenting a Deep Dive Black Book on the Luxury Goods Sector, with a focus on Handbags and Accessories on Wednesday, Dec 21 at 10am ET. We’ll take a historical look at this space over the course of multiple cycles, focusing on unit consumption, pricing and market share trends at the high-end as well as the ‘accessible’ ends of the spectrum, and will compare to what we’ve seen in prior Quad 4, recessions and consumer downturns. The space in this cycle has been particularly resilient, at both price classifications. The big question is whether the strength will/can continue, which brands are best positioned, and what kind of earnings power is currently being discounted in the stocks. Focus names will be LVMH Moet Hennessey Louis Vuitton (MC-PAR/LVMUY), Kering (KER-PAR/PPRUY), Hermes (RMS-PAR), Prada (PRDSY), Burberry (BRBY-LON), Capri Holdings (CPRI), and Tapestry (TPR). We’ll have some new calls – both long and short, and will likely be changing existing tickers around on our Position Monitor.
Call Details
Date/Time: Wednesday December 21st at 10am ET
Add To Calendar: CLICK HERE
Live Video Link: CLICK HERE
