More Melroses, fewer Sheins: the real definition of success for London | Nils Pratley

More Melroses, fewer Sheins: the real definition of success for London | Nils Pratley

Look to Simon Peckham’s return with Rosebank Industries for an example of where the market should place value

It’s a euros triumph already: the value of all the companies on the London stock market is greater than all those on the Paris exchange: $3.18tn plays $3.13tn, calculates Bloomberg.

Actually, we should probably contain our excitement. First, the position is not groundbreaking: until only a few years ago, London was miles ahead as the biggest stock market in Europe. Second, the current position could reverse in an instant: it would merely take a marginal improvement in the value of fashion stocks such as LVMH, Hermès and Gucci-owning Kering that are heavyweights in Paris.

Continue reading…

Please follow and like us:
Pin Share