Except for the six-month period until August 19, the MFS International Growth Fund – Class A (MGRAX) has been among the top three funds in its peer group of 12 funds.
The Calamos International Growth Fund invests in non-US growth companies and positions itself as a growth-focused offering to a “mostly core- or value-intensive international allocation.”
Beauty companies continue to expand into a multi-pronged digital strategy that encompasses e-commerce, m-commerce, as well as digital and social media.
According to Coach, its revamped retail stores in North America were experiencing positive comps. Further, same-store sales in Europe grew at a double-digit pace.
All major global indexes fell on Friday, January 15, 2016, after the UN lifted the sanctions on Iran. FEZ and EZU fell 3.3% and 3.5%, respectively, that day.
On Monday, January 4, 2016, the Chinese market sell-off weighed heavily on FEZ’s performance. Weak manufacturing PMI data created doubts about China’s economy.
A limited distribution strategy led to Coty’s high reliance on specific channels or departments for specific products. Coty faces stiff competition from established luxury brands and local regional brands.
Highly competitive in the beauty and cosmetics market, Estée Lauder’s revenue reached $11 billion in fiscal year 2014. However, the cosmetics company faces stiff competition from L’Oréal, Coty, and Avon (AVP).
The combined Coty–P&G color cosmetics portfolio, would see the new Coty become the number three company in color cosmetics, with $2.5 billion in pro forma global sales.
Foreign exchange is likely to be a significant headwind for Coach’s (COH) results in its third quarter. The company derives ~35% of its revenue from overseas markets.
Compared to its peers, Coach has provided higher total year-to-date returns to its shareholders. And, the stock’s up by over 9% since the company’s last earnings release on January 29, 2015.
A significant factor in sovereign default is the presence of significant debt owed to foreign investors—since most sovereign defaults end in partial debt cancellation or debt restructuring, bond-holders are left with no option but to accept a loss on their investments.
