自发行2033年到期优先票据筹集的所得款项，连同现有现金以及新优先信贷融通项下的借款，已用于： 悉数偿还2026年到期优先票据本金总额3.5亿欧元(连同2026年到期优先票据的任何应计及未付利息);及 支付与此相关的应付费用、成本及支出。 新秀丽(01910)发布公告，有关Samsonite Finco发行本金总额3.5亿欧元息率4.375%的2033年到期优先票 据及本公司完成了新优先信贷融通的银团贷款安排及分配的相关事宜。于2025年11月11日，购买协议项 下所有先决条件均已达成，契约已签立，并已完成发行2033年到期优先票据。 ...

自发行2033年到期优先票据筹集的所得款项，连同现有现金以及新优先信贷融通项下的借款，已用于： 悉数偿还2026年到期优先票据本金总额3.5亿欧元(连同2026年到期优先票据的任何应计及未付利息);及 支付与此相关的应付费用、成本及支出。 智通财经APP讯，新秀丽(01910)发布公告，有关Samsonite Finco发行本金总额3.5亿欧元息率4.375%的 2033年到期优先票据及本公司完成了新优先信贷融通的银团贷款安排及分配的相关事宜。于2025年11月 11日，购买协议项下所有先决条件均已达成，契约已签立，并已完成发行2033年到期优先票据。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任 何損失承擔任何責任。 對2026年到期優先票據進行再融資之最新情況 SAMSONITE GROUP S.A. 新秀麗集團有限公司 新秀麗集團有限公司（「本公司」）謹提述日期為2025年11月2日之公告（「該公告」），內容有 關(i) Samsonite Finco發行本金總額350,000,000歐元息率4.375%之2033年到期優先票據及(ii)本公司 完成了新優先信貸融通的銀團貸款安排及分配。除另有所指外，本公告所用詞彙與該公告所界定 者具有相同涵義。 本公告僅供參考之用而並不構成收購、購買或認購本公告所述證券之邀請或要約。本公告並非亦不擬作為 於美國出售本公司證券之要約或要約購買本公司證券要約之游說。本公告所述證券概無及將不會根據美國 證券法或美國任何州之證券法登記，除根據美國證券法獲豁免或不受美國證券法所規限之交易外，概不可 在美國境內或向美國人士（定義見美國證券法 S 規例）或以其名義或為其利益提呈發售或出售。本 ...

Group 1: Federal Reserve and Economic Outlook - The Federal Reserve is experiencing increasing internal divisions regarding interest rate policies, with a 70% probability of a rate cut in December [2] - Some Fed officials support aggressive rate cuts, while others believe rates are near neutral and advocate for caution [2] - The U.S. job market is under downward pressure, with a decline in non-farm employment and record-high layoffs reported [2][3] Group 2: Market Performance and Investment Strategy - U.S. stock markets are entering a phase driven by corporate earnings growth, with the S&P 500 index down 1.7% due to concerns over high valuations in tech stocks [3] - The market is expected to face increased volatility, and investors should adjust annual return expectations to single-digit levels [3] - A diversified investment strategy is recommended, focusing on sectors like industrials, utilities, energy, and healthcare, alongside technology stocks [3] Group 3: Bond Market Insights - The bond market is expected to maintain a low-volatility, oscillating trend, with a focus on 2-5 year maturities [4][11] - The 10-year Treasury yield is projected to remain around 1.8%, with potential fluctuations influenced by market sentiment [11] - Investors are advised to be cautious with long-term bond investments and consider opportunities in fixed-income products [11] Group 4: Chinese Economic Trends - China's economy is showing synchronized slowdowns in both internal and external demand, with retail sales growth expected to decelerate [7][8] - Exports have seen a year-on-year decline for the first time in 2023, indicating weakening growth momentum [8] - Domestic inflation is showing signs of recovery, with CPI turning positive and PPI narrowing its year-on-year decline [9] Group 5: Stock Market Dynamics in China - The A-share market is projected to maintain a bullish trend, supported by strong liquidity and improving corporate earnings [13][14] - The technology sector is experiencing high valuations and volatility, while consumer stocks are showing limited upward momentum [14] - A balanced investment approach is suggested, with a focus on dividend stocks as a defensive measure against tech stock fluctuations [14] Group 6: Hong Kong Market Outlook - The Hong Kong stock market is expected to continue its upward trajectory after recent adjustments, supported by a favorable global liquidity environment [15] - Ongoing U.S. interest rate cuts and positive developments in U.S.-China trade negotiations are contributing to reduced macroeconomic uncertainty [15]

Group 1 - The core viewpoint of the article indicates that Samsonite (01910) has seen a stock price increase of over 6%, currently trading at HKD 16.26 with a transaction volume of HKD 51.0383 million [1] - The company plans to hold a board meeting on November 12 to consider and approve the quarterly performance report for the three and nine months ending September 30, 2025 [1] - According to a report from Daiwa, the expected revenue decline for Samsonite in Q3 is projected to narrow to 1.4% due to a low base effect, aligning with management's guidance [1] Group 2 - Daiwa anticipates an overall improvement in the performance of the Tumi brand, while American Tourister is expected to remain the weakest brand [1] - The firm believes that with sustained global travel demand, a stronger recovery is expected by 2026 [1]

Core Viewpoint - Samsonite (01910) shares rose over 6%, currently at HKD 16.26 with a trading volume of HKD 51.0383 million, indicating positive market sentiment ahead of the upcoming earnings report [1] Financial Performance - The board meeting is scheduled for November 12 to consider and approve the quarterly performance report for the three and nine months ending September 30, 2025 [1] - Daiwa's research indicates that due to a low base effect, Samsonite's third-quarter revenue decline is expected to narrow to 1.4%, aligning with management's guidance [1] Brand Performance - Expectations for Tumi's overall performance show improvement, while American Tourister remains the weakest brand [1] - The global travel demand is anticipated to support a stronger recovery in 2026 [1]

Core Viewpoint - COACH is undergoing a transformation by eliminating elements that consumers reject, such as excessive promotions and product line confusion, and focusing on classic products and brand storytelling to resonate emotionally with consumers [1][3]. Financial Performance - COACH's parent company, TPR, reported Q1 FY2026 revenue of $1.7 billion, a 13% year-over-year increase (12% at constant currency). The China region contributed $269.1 million, growing 20% (19% at constant currency) [2]. - COACH brand revenue reached $1.43 billion, up 22% year-over-year, with over 2.2 million new global customers, 35% of whom are Gen Z [2]. Brand Strategy - COACH has redefined its brand identity from "affordable luxury" to "authentic new luxury," focusing on its unique DNA and craftsmanship [4]. - The brand has redesigned classic items like the Tabby bag and introduced over 50 derivative products, while controlling discounts to maintain a price range of 3,000 to 5,000 yuan, with top products priced at 15,000 yuan [3][4]. Consumer Insights - The company conducted in-depth consumer research to understand the evolving definition of luxury, which now emphasizes self-expression rather than status [4][5]. - Insights revealed that consumers often use a process of elimination in their purchasing decisions, leading COACH to focus on core and classic products that resonate with younger consumers [5][6]. Marketing and Communication - COACH has shifted its marketing narrative from promotions to storytelling that connects emotionally with consumers, emphasizing the personal significance of its products [10][11]. - The brand's average selling price has increased, while consumer sensitivity to price has decreased, indicating a growing recognition of the brand's value and emotional resonance [11]. Future Plans - The company aims to apply its successful brand-building methodology to its other brand, Kate Spade, by identifying its unique DNA and fostering deep connections with consumers [11].

Core Insights - COACH, once perceived as an outdated luxury brand, is experiencing a resurgence with significant revenue growth, particularly in the Chinese market [2][3] - The brand's revenue for the first quarter of fiscal year 2026 reached $1.43 billion, a 22% year-over-year increase, with over 2.2 million new global customers, 35% of whom are Gen Z [3][4] Financial Performance - The parent company, TPR, reported total revenue of $1.7 billion for the first quarter, marking a 13% increase year-over-year [2] - COACH's revenue in China was $269.1 million, reflecting a 20% increase year-over-year [2] Brand Strategy - COACH has shifted its focus from excessive promotions and discounts to classic products and brand storytelling, enhancing emotional resonance with consumers [4][6] - The brand has redesigned classic items and introduced over 50 derivative products, successfully engaging consumers on social media [4] Market Positioning - COACH is actively expanding its presence in the Chinese market, with plans to open flagship stores and achieve a "hundred store goal" by the end of the year [5] - The brand is redefining itself as "new luxury" rather than "affordable luxury," appealing to younger consumers who seek self-expression through fashion [7][10] Consumer Insights - Research indicates that modern consumers prioritize self-expression over brand logos, leading to a shift in how luxury is perceived [6][8] - COACH's consumer insights department plays a crucial role in understanding customer preferences and behaviors, informing product design and marketing strategies [12][13] Marketing Approach - The brand has eliminated frequent discount promotions from its marketing narrative, focusing instead on storytelling that connects emotionally with consumers [15][16] - COACH aims to create a unique shopping experience that resonates with diverse consumer segments, tailoring its messaging to different lifestyles and preferences [14][17]

Core Viewpoint - Samsonite is refinancing its 2026 maturing senior notes and senior credit facilities through the issuance of new senior notes and a syndicated loan arrangement [1] Group 1 - The company has entered into a purchase agreement for the issuance and sale of €350 million senior notes with a 4.375% interest rate maturing in 2033 on October 30, 2025 [1] - The completion of the new senior credit facility's syndicated loan arrangement and allocation was achieved on October 31, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致之任 何損失承擔任何責任。 本公告僅供參考之用而並不構成收購、購買或認購本公告所述證券之邀請或要約。本公告並非亦不擬作為 於美國出售本公司證券之要約或要約購買本公司證券要約之游說。本公告所述證券概無及將不會根據美國 證券法或美國任何州之證券法登記，除根據美國證券法獲豁免或不受美國證券法所規限之交易外，概不可 在美國境內或向美國人士（定義見美國證券法 S 規例）或以其名義或為其利益提呈發售或出售。本公告及其 中所載資料不可直接或間接在或向美國發佈。本公告所述證券並無亦不會在美國公開發售。 在英國推廣 2033 年到期優先票據受《 2000 年金融服務與市場法》（「金融服務與市場法」）限制，因此 2033 年到期優先票據並未在英國向一般公眾推廣。本公告僅向下述人士派發並僅針對下述人士： (i) 其就涉 及投資（定義見《 2000 年金融服務與市場法（金融推廣） 2005 年指令》（經修訂）（「金融推廣指令」） 第 19(5) 條）的事 ...