{"id":66149,"date":"2018-02-21T12:19:47","date_gmt":"2018-02-21T04:19:47","guid":{"rendered":"http:\/\/www.htt.hk\/?p=66149"},"modified":"2018-02-21T12:19:47","modified_gmt":"2018-02-21T04:19:47","slug":"%e7%a0%94%e6%8a%a5%e5%af%b9%e6%af%94%e6%97%b6%e5%b0%9a%e4%bc%81%e4%b8%9a%e6%b3%95%e5%9b%bd%e4%bc%81%e4%b8%9a%e9%94%80%e5%94%ae%e9%a2%9d%e6%9b%b4%e9%ab%98%e4%bd%86%e6%84%8f%e5%a4%a7%e5%88%a9%e5%88%99","status":"publish","type":"post","link":"https:\/\/www.htt.hk\/?p=66149","title":{"rendered":"\u7814\u62a5\u5bf9\u6bd4\u65f6\u5c1a\u4f01\u4e1a\u6cd5\u56fd\u4f01\u4e1a\u9500\u552e\u989d\u66f4\u9ad8\u4f46\u610f\u5927\u5229\u5219\u66f4\u7a33\u5b9a"},"content":{"rendered":"

\u4f5c\u4e3a\u65f6\u5c1a\u9886\u57df\u4e3b\u8981\u54c1\u724c\u7684\u4e24\u5927\u6765\u6e90\u5730\uff0c\u610f\u5927\u5229\u548c\u6cd5\u56fd\u95f4\u7684\u7ade\u4e89\u4e00\u76f4\u4e0d\u66fe\u95f4\u65ad\u3002 Milano Moda Donna \u7c73\u5170\u65f6\u88c5\u5468 2018\/19\u79cb\u51ac\u5b63\u5973\u88c5\u5c55\u5c06\u4e8e 2\u6708 20\u65e5\u62c9\u5f00\u5e37\u5e55\uff0c\u5728\u6b64\u524d\u5915\uff0c\u610f\u5927\u5229\u6295\u8d44\u94f6\u884c Mediobanca \u5bf9\u6cd5\u56fd\u548c\u610f\u5927\u5229\u4e24\u56fd 2016\u5e74\u9500\u552e\u89c4\u6a21\u5404\u81ea\u6392\u884c\u524d 15\u7684\u65f6\u5c1a\u884c\u4e1a\u4f01\u4e1a\u8fdb\u884c\u4e86\u4e00\u9879\u6bd4\u8f83\u7814\u7a76\u3002<\/p>\n

\u603b\u4f53\u6765\u8bf4\uff0c\u6cd5\u56fd\u65f6\u5c1a\u4f01\u4e1a\u7684\u9500\u552e\u989d\u666e\u904d\u66f4\u9ad8\u3001\u76c8\u5229\u80fd\u529b\u4e5f\u66f4\u5f3a\uff0c\u800c\u610f\u5927\u5229\u65f6\u5c1a\u4f01\u4e1a\u5219\u66f4\u4e3a\u7a33\u5b9a\u4e14\u62e5\u6709\u66f4\u5f3a\u7684\u6d41\u52a8\u6027\u3002<\/p>\n

\"\"<\/a><\/p>\n

\u610f\u5927\u5229\u773c\u955c\u5de8\u5934 Luxottica \u9646\u900a\u68af\u5361\u51ed\u501f 2016\u5e74\u8d85 90\u4ebf\u6b27\u5143\u7684\u9500\u552e\u989d\u5728\u610f\u5927\u5229\u65f6\u5c1a\u4f01\u4e1a\u4e2d\u72ec\u5360\u9ccc\u5934\uff0c\u76ee\u524d Luxottica \u4e0e Essilor \u4f9d\u89c6\u8def\u7684\u5408\u5e76\u4e5f\u5df2\u8fdb\u5c55\u81f3\u7b49\u5f85\u53cd\u5784\u65ad\u5ba1\u67e5\u7684\u6700\u540e\u9636\u6bb5\uff08\u8be6\u89c1\u300a\u534e\u4e3d\u5fd7\u300b\u62a5\u9053\uff1a\u4f20\uff1aLuxottica \u4e0e Essilor \u5408\u5e76\u4ea4\u6613\u6216\u5c06\u65e0\u6761\u4ef6\u901a\u8fc7\u6b27\u76df\u53cd\u5784\u65ad\u5ba1\u67e5\uff09\uff0c\u4e8c\u8005\u5408\u5e76\u540e\u5e74\u9500\u552e\u989d\u89c4\u6a21\u5c06\u8fbe\u5230 160\u4ebf\u6b27\u5143\uff0c\u4ec5\u6b21\u4e8e\u6cd5\u56fd\u5962\u4f88\u54c1\u5de8\u5934 LVMH \u96c6\u56e2\uff08 376\u4ebf\u6b27\u5143\uff09\u3002\u9500\u552e\u989d\u589e\u901f\u65b9\u9762\uff0c\u610f\u5927\u5229\u5962\u4f88\u54c1\u724c Valentino \u8981\u66f4\u80dc\u4e00\u7b79\u3002<\/p>\n

Bain & Co. \u8d1d\u6069\u54a8\u8be2\u548c Fondazione Altagamma \u610f\u5927\u5229\u5962\u4f88\u54c1\u534f\u4f1a\u8054\u5408\u7edf\u8ba1\u6570\u636e\u663e\u793a 2016\u5e74\u5168\u7403\u5962\u4f88\u54c1\u5e02\u573a\u7684\u9500\u552e\u989d\u89c4\u6a21\u8fbe\u5230\u4e86 2500\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u51cf\u5c11\u4e86 0.4%\uff0c\u7531\u4e8e\u8bb8\u591a\u4e1a\u5185\u4f01\u4e1a\u5e76\u672a\u4e0a\u5e02\u4e14\u6709\u8bb8\u591a\u4f01\u4e1a\u5e76\u672a\u66f4\u65b0\u4e1a\u7ee9\u6570\u636e\u56e0\u6b64 2017\u5e74\u7684\u6574\u4f53\u884c\u4e1a\u6570\u636e\u76ee\u524d\u4ec5\u505c\u7559\u5728\u4f30\u6d4b\u72b6\u6001\u3002 Bain & Co. \u53ca Fondazione Altagamma \u4f30\u8ba1 2017\u5e74\u5168\u7403\u5962\u4f88\u54c1\u5e02\u573a\u7684\u9500\u552e\u989d\u89c4\u6a21\u7ea6\u4e3a 2625\u4ebf\u6b27\u5143\uff0c\u8f83 2016\u5e74\u540c\u6bd4\u589e\u957f 5\u3002<\/p>\n

\"\"<\/a><\/p>\n

Mediobanca \u7814\u7a76\u663e\u793a 2016\u5e74\u6cd5\u56fd\u65f6\u5c1a\u884c\u4e1a\u4e1a\u7ee9\u89c4\u6a21\u6392\u540d\u524d 15\u4f4d\u7684\u4f01\u4e1a\u5171\u5b9e\u73b0\u4e86 769\u4ebf\u6b27\u5143\u7684\u9500\u552e\u989d\uff0c\u662f\u540c\u4e00\u65f6\u671f\u610f\u5927\u5229\u524d 15\u4f4d\u4f01\u4e1a\u9500\u552e\u989d\u603b\u989d\u7684\u4e24\u500d\u591a\u3002\u6b64\u5916\uff0c\u6cd5\u56fd\u65f6\u5c1a\u4f01\u4e1a\u7684\u4e1a\u7ee9\u4e5f\u4f53\u73b0\u51fa\u4e86\u884c\u4e1a\u975e\u5e38\u660e\u663e\u7684\u96c6\u4e2d\u6027\uff1a\u5176\u4e2d LVMH \u96c6\u56e2 2016\u5e74\u9500\u552e\u989d\u4e3a 376\u4ebf\u6b27\u5143\uff0c\u7ea6\u5360\u5230\u524d 15\u4f4d\u4f01\u4e1a\u7684 48.9%\uff1b Kering \u5f00\u4e91\u96c6\u56e2\u7d27\u968f\u5176\u540e\uff0c 2016\u5e74\u9500\u552e\u989d\u8fbe 123\u4ebf\u6b27\u5143\uff0c\u7ea6\u5360\u6cd5\u56fd\u524d 15\u4f4d\u4f01\u4e1a\u603b\u989d\u7684 16%\u3002<\/p>\n

Mediobanca \u6570\u636e\u663e\u793a 2016\u5e74\u610f\u5927\u5229\u65f6\u5c1a\u884c\u4e1a\u9500\u552e\u989d\u89c4\u6a21\u6392\u540d\u7b2c\u4e00\u4f4d\u7684\u662f Luxottica\uff0c \u8fbe\u5230 91\u4ebf\u6b27\u5143\uff0c\u7ea6\u662f\u7b2c\u4e8c\u4f4d Prada \uff0832\u4ebf\u6b27\u5143\uff09\u7684\u4e09\u500d\u3002\u9500\u552e\u989d\u589e\u5e45\u6700\u5927\u7684\u5219\u4e3a Valentino\uff0c 2012\u81f3 2016\u5e74\u671f\u95f4\uff0c Valentino \u7684\u9500\u552e\u989d\u589e\u957f\u4e86 155.6%\uff0c Moncler \u7d27\u968f\u5176\u540e\u589e\u5e45\u8fbe 66.8%\uff0c\u589e\u5e45\u4f4d\u5c45\u7b2c\u4e09\u7684\u662f\u610f\u5927\u5229\u5185\u8863\u53ca\u889c\u4e1a\u5236\u9020\u5546 Calzedonia \uff08+41.6%\uff09\u3002<\/p>\n

\"\"<\/a><\/p>\n

\u5229\u6da6\u7387\u65b9\u9762\uff0c\u5c3d\u7ba1\u5168\u7403\u7ecf\u6d4e\u53ca\u5168\u7403\u65f6\u5c1a\u884c\u4e1a\u6574\u4f53\u5904\u4e8e\u8f83\u4e3a\u4f4e\u8ff7\u7684\u65f6\u671f\uff0c\u610f\u6cd5\u4e24\u56fd\u65f6\u5c1a\u884c\u4e1a\u4f01\u4e1a\u7684 EBIT \u606f\u7a0e\u524d\u5229\u6da6\u5374\u4fdd\u6301\u4e86\u8f83\u9ad8\u7684\u6c34\u5e73\u3002\u6cd5\u56fd\u65f6\u5c1a\u884c\u4e1a\u4e1a\u7ee9\u524d 15\u540d\u7684\u4f01\u4e1a 2016\u5e74\u7684\u5e73\u5747\u606f\u7a0e\u524d\u5229\u6da6\u7387\u9ad8\u8fbe 17.2%\uff0c\u9ad8\u4e8e\u610f\u5927\u5229\u65f6\u5c1a\u884c\u4e1a\u4e1a\u7ee9\u524d 15\u540d\u7684\u4f01\u4e1a\u7684 11.6%\u3002\u6cd5\u56fd\u65f6\u5c1a\u4f01\u4e1a\u4e2d 2016\u5e74\u606f\u7a0e\u524d\u5229\u6da6\u7387\u6700\u9ad8\u7684\u4e09\u5bb6\u516c\u53f8\u5206\u522b\u4e3a Hermes\uff0832.6%\uff09\u3001Chanel\uff0822.4%\uff09\u548c LVMH \u96c6\u56e2\uff0818.7%\uff09\uff0c\u610f\u5927\u5229\u65b9\u9762\u5219\u5206\u522b\u4e3a Moncler\uff0828.6%\uff09\u3001Salvatore Ferragamo\uff0818.4%\uff09\u548c Luxottica\uff0815.1%\uff09\u3002<\/p>\n

\u610f\u5927\u5229\u65f6\u5c1a\u9886\u57df\u7684\u4f01\u4e1a\u5584\u4e8e\u901a\u8fc7\u5404\u79cd\u6218\u7565\u5c06\u6240\u83b7\u5229\u6da6\u4fdd\u7559\u5728\u4f01\u4e1a\u5185\u90e8\uff0c\u8fd9\u4e5f\u662f\u8fd9\u4e9b\u4f01\u4e1a\u76f8\u8f83\u6cd5\u56fd\u540c\u884c\u62e5\u6709\u66f4\u597d\u7684\u7a33\u5b9a\u6027\u548c\u66f4\u5f3a\u7684\u6d41\u52a8\u6027\u7684\u201c\u79d8\u5bc6\u201d\u6240\u5728\u3002\u5728 2012\u5e74\u81f3 2016\u5e74\u671f\u95f4\uff0c\u610f\u5927\u5229\u65f6\u5c1a\u4f01\u4e1a\u4e1a\u7ee9\u524d 15\u540d\u7684\u4f01\u4e1a\u7d2f\u8ba1\u51c0\u5229\u6da6\u8d85 100\u4ebf\u6b27\u5143\uff0c\u4f46\u7d2f\u79ef\u5206\u914d\u7684\u80a1\u606f\u4ec5\u4e3a 55\u4ebf\u6b27\u5143\uff08\u5e73\u5747\u80a1\u606f\u5206\u914d\u7387\u4e3a 54.6%\uff0c\u4f4e\u4e8e\u610f\u5927\u5229\u5927\u578b\u5236\u9020\u4e1a\u4f01\u4e1a\u7684\u5e73\u5747\u503c 69.3%\uff09\u3002<\/p>\n

\u53e6\u4e00\u65b9\u9762\uff0c\u610f\u5927\u5229\u65f6\u5c1a\u4f01\u4e1a\u7684\u8d1f\u503a\u7387\uff0822.7%\uff09\u4e5f\u8fdc\u4f4e\u4e8e\u6cd5\u56fd\u540c\u884c\uff0835.5%\uff09\uff0c\u8fd9\u5176\u4e2d\u7684\u4f7c\u4f7c\u8005\u5f53\u5c5e\u57fa\u672c\u65e0\u91d1\u878d\u503a\u52a1\u7684 Armani\uff0c Diesel \u6bcd\u516c\u53f8 OTB \u96c6\u56e2\u548c Calzedonia \u7d27\u968f\u5176\u540e\u3002\u6d41\u52a8\u6027\u6bd4\u7387\uff08\u6e05\u507f\u80fd\u529b\uff09\u65b9\u9762\uff0c\u610f\u5927\u5229\u65f6\u5c1a\u4f01\u4e1a\u7684\u5e73\u5747\u503c\u4e3a 120%\u800c\u6cd5\u56fd\u65f6\u5c1a\u4f01\u4e1a\u5219\u4e3a 51.2%\u3002 Max Mara \u6d41\u52a8\u8d44\u4ea7\u9ad8\u8fbe 11\u4ebf\u6b27\u5143\uff0c Armani \u5219\u4e3a8.81\u4ebf\u6b27\u5143\uff0c\u610f\u5927\u5229\u978b\u5c65\u54c1\u724c Geox \u6bcd\u516c\u53f8 LIR \u5219\u4e3a 4.28\u4ebf\u6b27\u5143\u3002<\/p>\n

\"\"<\/a><\/p>\n

Mediobanca \u9664\u5bf9\u610f\u5927\u5229\u65f6\u5c1a\u884c\u4e1a\u9886\u57df\u89c4\u6a21\u524d 15\u7684\u4f01\u4e1a\u8fdb\u884c\u4e86\u76f8\u5173\u5206\u6790\uff0c\u8fd8\u6269\u5927\u7814\u7a76\u8303\u56f4\u5bf9\u603b\u90e8\u8bbe\u5728\u610f\u5927\u5229\u7684 146\u5bb6 2016\u5e74\u9500\u552e\u989d\u89c4\u6a21\u8d85 1\u4ebf\u6b27\u5143\u7684\u4e3b\u6d41\u65f6\u5c1a\u4f01\u4e1a\u6570\u636e\u8fdb\u884c\u4e86\u5206\u6790\u3002\u8fd9 146\u5bb6\u4f01\u4e1a 2016\u5e74\u5171\u8ba1\u5b9e\u73b0 661\u4ebf\u6b27\u5143\u9500\u552e\u989d\uff0c\u540c\u6bd4\u589e\u957f 4.6%\uff0c\u76f8\u5f53\u4e8e\u610f\u5927\u5229\u56fd\u5185\u751f\u4ea7\u603b\u503c\u7684 4%\uff082012\u5e74\u65f6\u5360\u6bd4\u4e3a 3.3%\uff09\uff0c\u5176\u4e2d\u7ea6\u6709 576\u4ebf\u7531\u5236\u9020\u4e1a\u4f01\u4e1a\u521b\u9020\u3002\u610f\u5927\u5229\u65f6\u5c1a\u9886\u57df\u89c4\u6a21\u4ee5\u4e0a\u4f01\u4e1a 2016\u5e74\u7684\u51c0\u5229\u6da6\u603b\u548c\u5219\u4e3a 34\u4ebf\u6b27\u5143\uff0c\u4e0d\u8fc7 EBITDA\u606f\u7a0e\u6298\u65e7\u53ca\u644a\u9500\u524d\u5229\u6da6\u5219\u4ece 2015\u5e74\u7684 10.9%\u4e0b\u6ed1\u81f3\u4e86 2016\u5e74\u7684 9.6%\u3002<\/p>\n

\u4e0d\u8fc7 Mediobanca \u4e5f\u4f5c\u51fa\u9884\u6d4b\uff0c\u5373\u4f7f\u5728\u6c47\u7387\u538b\u529b\u4e0b\uff0c\u610f\u5927\u5229\u65f6\u5c1a\u4f01\u4e1a 2017\u5e74\u7684\u6574\u4f53\u4e1a\u7ee9\u5411\u597d\uff0c\u4e14\u7531\u4e8e\u8bb8\u591a\u4f01\u4e1a\u9009\u62e9\u4e86\u51cf\u5c11\u65b0\u589e\u95e8\u5e97\u4ece\u800c\u964d\u4f4e\u6210\u672c\u7684\u8fd0\u8425\u6218\u7565\uff0c\u610f\u5927\u5229\u65f6\u5c1a\u4f01\u4e1a 2018\u5e74\u9500\u552e\u989d\u4ecd\u5c06\u5b9e\u73b0\u4e2d\u9ad8\u901f\u7684\u589e\u957f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u4f5c\u4e3a\u65f6\u5c1a\u9886\u57df\u4e3b\u8981\u54c1\u724c\u7684\u4e24\u5927\u6765\u6e90\u5730\uff0c\u610f\u5927\u5229\u548c\u6cd5\u56fd\u95f4\u7684\u7ade\u4e89\u4e00\u76f4\u4e0d\u66fe\u95f4\u65ad\u3002 Milano Moda Donna \u7c73\u5170 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-66149","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/66149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66149"}],"version-history":[{"count":1,"href":"https:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/66149\/revisions"}],"predecessor-version":[{"id":66155,"href":"https:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/66149\/revisions\/66155"}],"wp:attachment":[{"href":"https:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}