Ann: Change in substantial holding, page-5

Suggests Speria knows something the rest of the world doesn't (yet).

Let's hope it's right.

Hopefully the dust is just about settled with VTG for the time being and it will do some kind of an announcement about what it's future plans are and future SP growth will be somewhat more reliable/sustainable.

Nice to see the big players are still committed - even after taking substantial hits.

As an aside - I don't see 'new locations' for CC as a good option right now.

VTG needs to learn about/understand it's new market before it starts splashing cash - growth will need to be slow.

One thing it's going to need is expert/specialist staff to run them when it opens them in the future. Doesn't matter where they open stores if the staff can't exploit them successfully - maybe why the CC location closed.

If VTG thinks the CC product is the selling proposition here it'll probably be mistaken. People only buy off of people they like - my guess it's the CC delivery of the product is what people spend on and come back for. So, the CC product is the staff relationship with it's customers - not the goop they use which, after talking to my lady friends, seems to be secondary. I.e they reckon all cosmetics do the same job equally well - it's just the price or service that that determines their buying choices.

I digress.