Retail & Apparel Europe 2022 Outlook
Increased risks from supply chain disruptions and surge in new virus variant
Stable outlook reflects normalisation of trading conditions. However, rising inflation, supply chain disruptions and resurgence in coronavirus infection rates create headwinds.
- Supply chain disruptions, inflation to weigh on margins
- Strong sales and profit recovery for apparel retailers
- Business conditions to remain broadly stable for food retailers
-
SpeakersJeanine Arnold Associate Managing Director, Head of EMEA Leveraged Finance Moody’s Ratings
Guillaume Leglise VP-Senior Analyst, Corporate Finance Moody's Ratings
David Beadle Vice President - Senior Credit Officer, Corporate Finance Moody’s Ratings
Francesco Bozzano Vice President – Senior Analyst, Corporate Finance Moody's Ratings
Roberto Pozzi Senior Vice President, Corporate Finance Group Moody’s Ratings
Confirm cancellation
Something went wrong.
An error occurred trying to play the stream. Please reload the page and try again.
CloseMoody's Events
close
Jeanine Arnold oversees the Moody's EMEA Leveraged Finance franchise and co-ordinates Leveraged Finance globally. She is part of the Corporate Finance Group (CFG) and Moody's Global Private Credit team with responsibility for EMEA corporates based in London.
Jeanine's primary responsibility is for ratings consistency and accuracy of leveraged finance issuer ratings across EMEA and in collaboration with other regions. She also has responsibility for leveraged finance research and thought leadership as well as investor, banking and private equity outreach. She heads up the Global Leveraged Finance Data and Analytics strategy, which underpins Moody’s research and outreach initiatives.
Prior to Jeanine's current role, she led the Paris-based CFG team, which was responsible for a wide range of credits across the healthcare, retail, transportation, IT, gaming and business and consumer services industries.
During her time at Moody’s Jeanine has been a lead analyst for European Airlines and Aerospace and Defense companies as well as investment holding companies, manufacturing and semiconductor companies.
Prior to joining Moody’s Jeanine was a Director at Fitch Ratings based in London, specializing in the rating of transportation names across Europe, the CIS and Middle East, including Rail, Airlines, Shipping and Ports. Prior to this, she worked in the credit risk management and investment banking teams of Bank of America Merrill Lynch as well as RBS, where she managed credit finance transactions for European Industrials within the Automotive, Chemical and Manufacturing sectors.
Jeanine qualified as a Chartered Accountant in 2006 from Ernst and Young in London and has a Joint Honors degree in French and German from the University of Nottingham.
Guillaume has Lead Analyst responsibilities for a portfolio of companies operating in retail, apparel and consumer goods industries in Europe.
Since joining the corporate finance team in 2013, Guillaume has also participated in the credit analysis of automotive, truck manufacturers, manufacturing and travel services industries in Europe.
Guillaume joined Moody’s in 2007, as an Associate Analyst in London within the Financial Institution Group (FIG), covering banks in France and Benelux, with a particular expertise on French mutualist banking groups.
Guillaume holds a MSc in Banking and Financial Engineering from Toulouse Business School.
David Beadle joined Moody’s in 2014 and is a Vice President – Senior Credit Officer in the EMEA Corporate Finance Group in London. He has extensive experience in the retail sector and since joining Moody’s has been lead analyst for all major rated UK retailers in food, fashion and specialty sub-segments, in both the high yield and investment grade areas. He has also covered French, German and Dutch issuers. Prior to joining Moody's David had spent more than 15 years as a credit analyst and portfolio manager in the City of London. He has a First Class BSc in Applied Accounting from Oxford Brookes University.
Based in Paris he manages a portfolio of investment grade and high-yield companies with expertise in pharmaceuticals, healthcare, retail, and transportation sectors.
Francesco is also a key contributor to research and outreach on digital transformation in corporate finance, writing and speaking in conferences on generative AI and digital assets’ impacts on corporates.
Francesco joined Moody’s in 2011 in London in the infrastructure team, covering a portfolio of European utilities and limited recourse financings of energy and infrastructure assets, including conventional project finance transactions across EMEA.
Prior to joining Moody’s, Francesco worked at Mediobanca in Milan, in the project finance team.
Francesco holds a Bachelor degree in business administration from Bocconi University, Italy, and a Master of Science in international business from HEC, France.
Francesco is fluent in, Italian, English, French and Spanish.
Roberto Pozzi is a Senior Vice President in the Corporate Finance Group at Moody’s Ratings. He is responsible for corporate ratings assigned to issuers mainly in the United Kingdom and related credit research. His coverage currently spans across industries including retail, consumer goods and tobacco. Roberto has been with Moody’s since 2012. Since he joined his coverage has spanned across industries including Manufacturing, Telecom Equipment and Real Estate.
Prior to joining Moody’s, Roberto had spent the last 20 years in banking and the credit market. He was most recently a senior credit analyst at Société Générale, covering a number of sectors with a focus on Industrials. Previously, Roberto held credit analyst positions at Commerzbank Securities, Mediobanca and Credit Suisse.
Roberto graduated in 1991 from Bocconi University, Milan.