Liberum Analyst Tom Gadsby

The main concern is what was a strength has become a weakness, they have very good global coverage but that does mean that two-thirds of their sales are in areas of the market that are going backwards.

Liberum Analyst Tom Gadsby

If you go back a couple of decades, it was a tired old raincoat brand and they have turned it into something very different and an awful lot more attractive and profitable.

Liberum Analyst Tom Gadsby