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    Chris Huang

    Research Analyst at Morgan Stanley

    Chris Huang is an analyst at Morgan Stanley, specializing in equity research within the financial sector. While detailed data regarding his coverage universe and performance track record is not readily available from public sources, he is recognized for his analytical work relating to listed companies in North America, typically providing research and investment recommendations to institutional clients. Huang’s career timeline, including the exact year he joined Morgan Stanley or previous roles, remains undisclosed in public records, and specifics about his professional credentials such as FINRA registrations or securities licenses are not available from verifiable sources. As of the current date, comprehensive rankings, awards, or performance-based recognition for Chris Huang have not been published.

    Chris Huang's questions to Ermenegildo Zegna (ZGN) leadership

    Chris Huang's questions to Ermenegildo Zegna (ZGN) leadership • Q1 2024

    Question

    Chris Huang of Morgan Stanley inquired about current business trends, asking for an indication of performance in April and how March compared to the overall quarter. He also sought quantification of Zegna DTC trends by consumer nationality, specifically for Chinese and local European clients, and asked for more detail on the expected magnitude of the Thom Browne wholesale channel reduction in coming quarters.

    Answer

    Group COO and CFO Gianluca Tagliabue responded, stating that the March exit rate for DTC was in line with the quarterly trend. For Zegna's DTC channel, he noted that the decline in spending by Chinese nationals was closer to mid-single digits, while demand from Europeans remained solid with double-digit growth. Regarding Thom Browne, Tagliabue clarified that while the wholesale decline in the next quarter would be much lower than Q1's 50% drop, it was still expected to be in the double-digit range.

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    Chris Huang's questions to Ermenegildo Zegna (ZGN) leadership • Q2 2023

    Question

    Asked about consumer nationality growth trends in Q3, particularly for Chinese, American, and European customers; the phasing of marketing expenses in H2; and the profitability outlook for TOM FORD.

    Answer

    Executives noted that American, Middle Eastern, and Southeast Asian customer spending has doubled on a two-year stack, while European growth is also significant. The Chinese cluster is flat vs. 2021 with some recent softness in the mainland but strength in Hong Kong/Macau. American and European demand remained steady in Q3. Marketing spend is expected to increase by about 0.5 percentage points in H2. Details on TOM FORD's future will be provided at the December Capital Markets Day.

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