Hints and tips:
...In 2017, a 37m-high rocket inscribed with Chanel’s double-C logo almost did, rising up like a NASA simulator at the end of its AW17 presentation....
...Thanks to these recyclable vitamin C sachets, skincare packaging takes up less space....
...The programme has two objectives: to drive women’s emancipation through professional beekeeping and to raise awareness of how essential bees are to Earth’s biodiversity. guerlain.com; unesco.com H is for...
...H: Commerzbank, L: Coinbase What was the name of the New Jersey deli that was at one point worth $100m?...
...C Coaching After Wimbledon, the men’s tour will trial allowing coaching during matches....
...“I’m a very bad creative director, according to the CEOs I work for, because I won’t put logos on garments,” he says....
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...I think the extent to which, really, Putin has become the state, it's like maybe - I might be getting the French king wrong, but I think it's Louis XIV who said, l'etat c'est moi - I am the state....
...“I saw the kimono exhibition at London’s V&A before things closed down – I often go there for inspiration,” she says....
...Randall WraySenior Scholar, Levy Economics Institute William H....
...Avast currently trades at 21x FY21e P/E or c. 5.5% FCFF yield, a level we continue to view as attractive vs. the wider software sector, especially given WFH benefit as well as optionality around M&A/buybacks...
...Marsh, East Sussex, England Crossword 16,377: John Bevan, London; TF & JM Marshall, Scotland; Rae Seelig, London Polymath 1,057: Bridget Symeonides, Cyprus Crossword 16,371: Mr B Miller, Guernsey; Mr H...
...A lower EBIT margin online vs C&H as a whole also means that if M&S does grow online to 30% of C&H sales by FY22e, the impact on margins will still be negative....
...This reflects an overweight position in L&H Re, where exposure needs clarification, and uncertainty over the cancelled FY 2019 dividend....
...However, in the context of a challenging retail consumer environment, revenue recovery in 2021E still leaves H&M revenue c.-5% below 2019....
...L’économie en procède, n’oublions jamais que l’économie est une science morale. Mais quand tout explose, votre P&L il explose avec, c’est ce qu’on est en train de vivre....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...I very much believe it's going to be a very strong third pillar for our business, and I think it could be a significant P&L contributor to our company, definitely within five years, and definitely within...
...L-f-l rents down 27%: net rental income fell down to just £87.3m which represents a l-f-l fall of 27% (excluding premium outlets), as a result of covid and the reduced rent collection rate....
...We estimate Primark is discounted at £5.7bn, 10x 12m FWD EBIT less than half that of Inditex and H&M, despite superior growth prospects....
...Clothing: very poor – The Clothing and Home (C&H) performance is disappointing, even if online sales growth is better than usual....
...There’s a rejig of forecasts on a Norway tax break and a bit of fantasy M&A, which seems to be obligatory in E&P notes at the moment....
...DC is currently trading at c.9x CY20E P/E and offers a c.5% dividend yield. It is one of the most sensitive stocks in the sector to the £ sterling, given its low margins and supplier pricing power....
...On our new estimates, L’Oréal trades on an FY21E P/E of 32.6x, the highest premium versus the consumer staples sector for over 10 years....
...Hence Total S/H return will remain low considering low L-T ROE generation....
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