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Top related persons:
Sean Peche - 1 Peche - 1 You've - 1 CNBC's - 1 There's - 1 Cedric Lecasble - 1 Stifel - 1 Lecasble - 1
Top related locs:
French U.S Germany Switzerland Carrefour France Brazil Europe
Top related orgs:
Carrefour - 1 Peche - 1 Ranmore Fund Management - 1 Ranmore Global Equity Fund - 1 Tesco - 1 FactSet - 1 UBS - 1

Search resuls for: "Cedric Lecasble"


2 mentions found


☆ Fund manager — who's consistently beaten the S&P 500 — names a key stock to own if recession hits
  + stars: | 2024-08-12 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
As fears of a recession grip stock markets and consumers get squeezed, outperforming fund manager Sean Peche is betting on an unexpected retail player: the French multinational Carrefour . Peche, a portfolio manager at Ranmore Fund Management, highlighted the company's defensive nature and ability to grow earnings amid inflation as a key attractive quality. Peche noted that Carrefour has significantly increased its revenue over the past few years while maintaining stable inventory levels. The retailer's total revenue increased from 74.2 billion euros ($80.96 billion) in 2018 to 84.9 billion euros in 2023, according to FactSet data, a rise of 14.4%. The fund manager also highlighted Carrefour's growth in own-label products, which now account for nearly 40% of revenues.
Persons: Sean Peche, Peche, You've, CNBC's, There's, Cedric Lecasble, Stifel, Lecasble, Mahamkali Organizations: Carrefour, Peche, Ranmore Fund Management, Ranmore Global Equity Fund, Tesco, FactSet, UBS Locations: French, U.S, Germany, Switzerland, Carrefour, France, Brazil, Europe
☆ Puma CEO Gulden set to become new Adidas CEO - source
  + stars: | 2022-11-04 | by ( ) www.reuters.com   time to read: +1 min
SummarySummary Companies Gulden to leave Puma at end of 2022Adidas confirms talks with Puma CEOShares up 20% after reportBERLIN, Nov 4 (Reuters) - Puma (PUMG.DE) Chief Executive Bjorn Gulden is leaving the German sportswear maker at the end of the year to take the helm at rival Adidas (ADSGn.DE), according to an industry source. Adidas confirmed that it is in talks with Gulden about possibly replacing Chief Executive Kasper Rorsted. Shares in Adidas were up nearly 20% after the report. "Bjorn Gulden had a very high reputation as Puma CEO, had been instrumental to the turnaround of the company and Puma's strong brand heat," Stifel analyst Cedric Lecasble said, adding that he could help strengthen the momentum of the Adidas brand. Reporting by Alexander Huebner, Writing by Miranda Murray; editing by Matthias Williams and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
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