Sell Prada (1913 HK): Accounting Inflates Margins and Facilitates Excessive Dividends
In our first report on Prada S.P.A. (1913 HK): An expensive luxury, we explained how creative accounting was disguising their business reality. ...
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Tod's: After Sale of Versace to M. Kors One of Few Luxury Companies Remaining; LVMH Is Likely Buyer
Almost one year ago I highlighted the attractiveness of Italian luxury shoemaker Tod's in following insight Tod's: Not Likely a Standalone Business...
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Farfetch IPO: Tough Enough in Luxury E-Commerce to Fend Off Encroachment by E-Commerce Giants?
On August 20th, London-based luxury e-commerce platform Farfetch (FTCH US) filed an F-1 statement, indicating its plan to list shares in the US. On...
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Prada (1913 HK). Dividend at Risk. Sell. 41% Downside
Bucephalus proprietary Governance, Accounting and Performance risk analysis: G: Controlling shareholder. Excessive dividend pay-out...
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Sector Capsule: Footwear in Singapore
Footwear grew by 2% in current value terms to reach SGD855 million in 2017 Athleisure trend continues to influence sales Men’s footwear is the...
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