re: inventory writedowns Ive heard this said before by Julia Lee on the Switzer program , she quoted a possible figure of $150M-200M from memory.
Cant really say I understand the rationale for this take the "age of release examples" picture at section 3.3.3 of the fact book.
The China market is predominately at the upper end of the spectrum (masstige and luxury) ...... they are not buying the cheap stuff that goes bad quickly in 3 months...
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