EU Consumer Sector Specialist Commentary

This report highlights a takeover bid for Hugo Boss, insights on US consumer spending trends, and a performance update for Wizz Air.

Key Takeaways

• 1.Fraser Group offered to buy Hugo Boss for €38 per share in a deal valued at approximately €2bn.
• 2.US consumer spending shows resilient on-premise growth, while off-premise staples trend negatively.
• 3.Wizz Air expects solid summer pricing but faces higher ex-fuel costs and capacity normalization delays.

Table of Contents

• Morning all
• In details
• Data & Laterals
• Newsflow
• EU Consumer Research
• Investor Access
• Calendar Ahead
• J.P. Morgan Global Consumer Research
• J.P. Morgan Macro & Strategy Research
• J.P. Morgan Consumer Contacts
• Luxury & Sporting Goods Research
• Disclaimers