Do the C&R teams at BB have subgroups that specialize in luxury brands?

Or is the attention applied indiscriminately across the group towards luxury brands?

Any specific characteristics about their financials that contrast with generic brands like H&M?

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most of them are covered out of the london office not NYC, so this question will be largely irrelevant to your experience. The answer is that beta/cyclicality is different and valuations are highly variable because of the high amounts of goodwill due to “brand value”, but luxury c&r deals don’t come by too often anyways

 
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Typically, no. But it depends.

Most common is for C&R to have verticals such as food & beverage, beauty products, restaurants, etc. This is not an exhaustive list but a luxury brand would be covered by the vertical.

Big picture it would be very tough to have an exclusively luxury group due to the wide range of luxury products and services, relatively small coverage universe, and lack of true luxury sell-side mandates large enough to justify such a group.

I am sure there may be such groups focused on luxury but it is not the norm and likely the result of very unique circumstances/relationships.

 

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