@at6568 Lovisa’s global footprint is expanding once again—with 1,042 stores now open worldwide, including 7 under its new Jewells premium format, the company has reasserted its growth credentials. This marks a significant reacceleration following a moderation in FY24, and for the first time in years, store rollout is surprising to the upside.
A major catalyst underpinning investor confidence is the appointment of Mark McInnes as Executive Deputy Chairman. McInnes brings a heavyweight retail pedigree, having previously led Premier Investments (home to Smiggle, Peter Alexander, and Just Jeans), where he oversaw a transformation that doubled shareholder returns and expanded the group’s global store base. Prior to that, he served as CEO of David Jones, where he revitalized the brand through store refurbishments, private label expansion, and a sharpened focus on customer experience. His strategic clarity, merchandising instincts, and international rollout experience make him a highly credible asset to Lovisa as it scales its global ambitions.
UBS latest update attached.ubsresearch-uet69171.pdf
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