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rffrydr
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Location: Sunny California
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 Posted: Wed Mar 14, 2012 6:48 pm Post subject: |
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Is it over??? Several china watchers out today saying "hard-landing" is as plain as their face. Well....that's not very plain:
http://www.economist.com/node/21542819
Quickly, chinese consumers are attaining that level that no longer is satisfied with decent fakes--it's appalled by them. All extremes become their opposite, they say.
Nothing really mysterious here...move along. Does this mean we are on the verge of a breakout in the "china brand"? No. That brand's already a scar--its face, that of a pirate! 
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rffrydr
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rffrydr
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| Posted: Fri May 20, 2011 8:58 pm Post subject: |
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Prada lists in HK....Lamborghini, Bugatti, Fiat, now super-fat margined style: italy sheds another tear.
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rffrydr
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Posts: 16932
Location: Sunny California
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| Posted: Tue Apr 19, 2011 8:08 am Post subject: |
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And Burberry delivers again, defying the earlier selloff. Obviously market having hard time pricing the asian woman's soul:
| Quote: | Challenging comps ahead but solid growth drivers
The retail channel benefited from rising average selling price driven by Prorsum
(high-end collection) and outerwear, but all product categories performed well.
Wholesale recorded higher in-season orders, supported by improved supply chain
and systems. All geographies recorded double digit mainline growth. The group
will face challenging comparison basis next (as most of it peers) but should
continue to benefit from these solid company-specific drivers.
FY2012E Outlook
Selling surface should increase by 12-13% in retail in FY2012E and the
consolidation of recently acquired Chinese operations should add another 12% in
H1. Management expects wholesale to grow mid-single digit in H1 (mid-teens
excl. China). Licenses are expected to grow mid single digit at constant FX (high
single digit reported). Our forecasts are broadly aligned with this guidance and
assume 12% like for like growth in retail. |
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rffrydr
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| Posted: Wed Apr 06, 2011 8:28 pm Post subject: |
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No overtaking of Japan would be complete without their very own....Disneyland:
http://www.latimes.com/business/la-fi-ct-disney-shanghai-20110405,0,5122220.story
| Quote: | "In about five years, we'll have a park that is distinctly Disney, yet authentically Chinese," Disney Parks and Resorts Chairman Thomas O. Staggs said in remarks to investors in February. "Taken as a whole, we believe China is the most exciting opportunity we've had since Walt first bought land in Florida in 1964."
China so far has proved a frustrating market for U.S. entertainment companies. The Communist government tightly controls distribution of foreign movies and television programs, which in turn has fueled rampant piracy of Hollywood content. Prime-time television slots are reserved for domestic fare such as the wildly popular animated series "Pleasant Sheep and the Big Bad Wolf," while imports including Mickey Mouse (known in China as Mi Lao Shu) struggle for airtime.
Disney would share ownership in the new theme park with Shanghai Shendi Group, a government-controlled entity that would own a 57% stake in the joint venture, according to reports in Chinese media. |
It won't be the first time. I saw "Micky" trashcans leftover from the 20's in Kunming in '97.
We'll have to see how "happiest place on earth" does in the land of "eating bitterness."
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rffrydr
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| Posted: Tue Mar 15, 2011 11:06 am Post subject: |
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Burberry rises from memories of japan's glory days taking the brunt in FTSE selloff:
| Quote: | NH
which seems to be the only stock in the FTSE 100
NH
with real Japan exposure
BE
Yeah – was reading up on Burberry yesterday
BE
They run their Japanese ops from a big licensing deal
BE
Which has a minimum sales clause in it.
BE
And, if the minimum sales target’s not reached, Burberry can charge about £500m as a penalty.
NH
crikey
BE
Yes. Though I’d say in theory, they can charge it.
BE
Because, politically, it wouldn’t go down terribly well.
NH
do you what percentage of sales comes from Japan?
BE
Also, Japan’s fiscal year-end is this month.
BE
So you’d be looking at such actions for 2012, if at all.
BE
As it stands, Japan’s only about 6% of Burberry revenue
BE
Not counting the tourists
NH
obviously
BE
Though about a fifth of group earnings, apparently.
NH
China is much more important now
NH
and areas like Singapore I guess
BE
Yup – I think, largely, we’re looking at Asian sentiment.
BE
And the potential for a collapse, which obviously won’t be good for the handbag and watch industries. |
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