Business
Here’s why this fundie thinks Lovisa (ASX:LOV) share price will rise
Australian fashion jewellery company Lovisa Holdings Ltd (ASX: LOV) could be the next H&M or Zara, according to L1 Capital co-founder and chief investment officer, Mark Landau.
The fund manager believes Lovisa’s recent acquisition of Beeline in Europe will generate a strong return on investment for the company over the next 1 to 2 years.
The Lovisa share price is currently trading 4.73% higher at $11.29, amid a broader rise in retail shares on the ASX today.
One of the “most exciting” Australian retail shares
Describing Lovisa as “one of the most exciting retail stocks in Australia”, Landau says the Beeline acquisition will become the foundation of its future growth.
“Lovisa has established itself as a truly global,…
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