John Stephenson
Moncler
MONC-IM
PAST TOP PICK
Jun 13, 2016
(A Top Pick July 10/15. Down 10.31%.) This is a very nice, niche story, but luxury has been taking it on the chin. A good growth, European story, but Europe has so many problems hitting it right now.
A specialty retailer. They predominantly make outerwear. Extremely expensive clothing. This category of affordable luxury goods is growing incredibly fast at about 10.5% globally. A very tightly managed brand. They manufacture in Eastern Europe, so they have very favourable labour rates.
(A Top Pick July 10/15. Down 10.31%.) This is a very nice, niche story, but luxury has been taking it on the chin. A good growth, European story, but Europe has so many problems hitting it right now.