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Posted by
Two Blokes Apr 20 -
Filed in
Stock
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24 views
There is no longer a P/E discount on Moncler at its current share price. LVMH kicked off the fashion and luxury earnings season with a muted 2025 expectation. Moncler is still a winter brand, so we question its summertime appeal amid the current macro challenges. We are muted on Stone Island recovery and FX change will likely pay a price on sales. We confirm our neutral view.
