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InvestmentspendshoulddriveSG&AdeleverageinF2013F2013willbeaninvestmentyearforCoach.Thecompanyplanstoincreasemarketing(especiallyin1Q)andwillincurexpensesasitacquirestheretailoperationsofsomeofitsdistributorsinAsia.Italsoplanstoenhanceitsdigitalstrategy 香奈兒中文官方網站.Whilethesemovesarepositiveforthelongrun,itwillresultinelevatedSG&amp chanel2012時尚女王新款目錄;AinF2013.Wearemodeling190bpofSG&amp chanel 香奈兒中文官方網站包包;Adeleverageto42 香奈兒包包.1%inF2013E www.chanel181.com.

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