PERSON DIRECTORY
Jonathan Eng
Jonathan Eng appears in 1 indexed conversation across Business Breakdowns. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
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Kering: It’s Gucci - [Business Breakdowns, EP.199]
Gucci generates nearly 50% of Kering’s revenue and over 50% of profit, yet its margin has fallen from a historical 30–40% to just over 20%, making normalized 30% earnings imply a forward P/E below 10x.The valuation also looks inexpensive at roughly 2.5x EV/sales, but the recovery depends on Sabato De Sarno’s unproven designs, with leather bags arriving in September and new product potentially taking almost two years to fill stores.