Interesting results over last few years, but at high interest rate an entity with high debt with high reliance on consumer spending on luxury good is tough and hence market has no love.
If the interest rate stays high and it will impact consumer spend and ability to spend extra on luxury goods and let alone spend on quickly depreciating asset.
They have some good brands but have they got Toyota under the belt then it would have been far better as love for Toyota going to stay around for sometime.
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