The group leader denies global eyewear and talks about the comparison between the properties (Leonardo Del Vecchio) and the manager. For now it was not convened any advice administration-
Rome Rumors, rumors, founded or not, often crazy market. It just so happens that the title Luxottica – the world leader eyewear with brands like Ray Ban, Persol and parnership with Google for the G glass and annual revenue of more than 7 billion euros a year – you get to lose in a day up to 7% , for those items out of the CEO Andrea Guerra. At the end of the day, the stock closed at 39.09 euros, with a -3.60% compared to the previous session and retrieving something from the highs of the day negatici.
Analysts believe the rumors output War. So much so that Kepler – as reported by Reuters – lowers rating on the stock from bay to hold (from buy to hold), and with the price target (the price target hestimated) from 45.5 to 40 Euro.
The agency defines the reward is no longer sustainable evaluation of Luxottica in the market compared to the luxury sector (the title is the multiple of 26 times price / earnings in 2015, compared to an industry average of 20). Kepler explains it this way: “With the possible rotation of War, the reward may not be entirely justified, since it reduces the visibility of future strategies of the company.”
The farewell Golden Boy
For now lacks the formality, but in the world of finance are insistent rumors: War will leave Luxottica. The property, for now, only speaks of “comparison by the manager.” For now it was not convened any administration-board; a duty in the case of succession to the leadership of a listed company. War driving the company of the Del Vecchio family for ten years. Years in which Luxottica eyewear has become a world leader. war (49 years) is considered as a top manager in the world. Only a few months ago, there was talk of him as Minister of Economic Development in the government Renzi.
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