HSBC Report: Scale is a Competitive Advantage in the Luxury Sector

Prada was one of two luxury firms downgraded to "Hold" by HSBC; the other was Moncler.

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Financial institution HSBC sees the ability to scale as a huge advantage in the luxury sector, with very few exceptions, while mergers and acquisitions can provide some benefits. The authors of “Too Bling to Fail,” analysts Erwan Rambourg, Antoine Belge and Anne-Laure Bismouth, also concluded that a “soft landing” scenario is unfolding for the luxury…

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