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CDI - Christian Dior SE News Story

€624 2.5  0.4%

Last Trade - 4:35pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £96.39bn
Enterprise Value £141.69bn
Revenue £38.38bn
Position in Universe 8th / 850

BUZZ--European luxury: Growth in tourism spending may attract investor attention - UBS

Thu 16th January, 2020 12:43pm
** UBS says rising tourist spending in December is a
positive read-across to the luxury sector, suggesting that lost
sales in Hong Kong are being largely offset at a global level
    ** Tourist spending in December was up 18.5% year-on-year
across Europe, showing the strongest growth rate in over 2.5
years, UBS says, citing VAT refund provider Planet
    ** "We believe that this positive data point may attract
investor attention as we head into FY reporting season," UBS
says
    ** The brokerage says December growth was driven by strong
spendings of Americans and the Chinese 
    ** Luxury spend includes a number of points of sale for
brands such as biggest high-fashion brands like Chanel, Gucci,
Dior  DIOR.PA , Louis Vuitton  LVMH.PA , Omega, Bottega Veneta,
Saint Laurent, Valentino, Versace and Tom Ford
    ** The brokerage continues to favour LVMH and Kering
 PRTP.PA  while sees risks on the hard luxury names  urn:newsml:reuters.com:*:nL8N29J2IH

 ((Anna.banacka@thomsonreuters.com))
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