Another interesting pitch, US retailer, P/E and P/FCF are around 8x. Regarding the tariffs, only around 35% goes to the cost of the goods, and 80% of revenue from US, so total effect would be 28% times new tariffs. Plus, are there any clothing company that doesn't outsource production to abroad, so competitors need to increase prices too. Plus it is easy to move these kind of production to other countries, this is not high tech, the value is the branding and distribution.