The Hour Glass

[crabcrab]

Any impact of Swiss Franc revaluation on THG?? My guess is that impact on inventory revaluation on existing stocks, cost of goods sold likely to be higher following the needs to replenish fresh stocks. Foreign exchange gain/loss if any?... Higher selling price on luxury goods not necessary translated to lower sales. Instead, it may have created short term demand for many are likely not to wait for the price to rise.. :0