Launched in Australia in 2010 by billionaire Brett Blundy, former chairman of BB Retail Capital (BBRC), fast fashion jewellery retailer Lovisa Holdings Ltd (LOV) listed on the ASX in 2014 and now has over 600 stores globally.
“LOV has a substantial multi-year global rollout opportunity across four continents,” said Raymond.
“This opportunity has been materially boosted by the acquisition last year of beeline, which took LOV into several new European markets (notably Germany) and accelerated its expansion in France.
“We think LOV’s products fill an under-serviced niche, offering good quality fashion jewellery at prices that are attainable to the target demographic.
“The recent appointment of Victor Herrero as CEO, replacing Shane Fallscheer, provides a clue as to the extent of LOV’s global ambition, and its impatience to realise that ambition. “The next few years will be worth watching,” Raymond concluded.
Lovisa Holdings Ltd (LOV)
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