BUZZ-Jimmy Choo: tough sector outlook takes its toll

** Jimmy Choo (LSE: CHOO.L - news) -6.3%, sharpest one-day drop since early Jan

** Reports in-line FY results (adjusted EBITDA grows 1.5% to £51 mln (v Barclays (Swiss: BARC.SW - news) £50 mln) but warns of "many challenges facing the sector" in 2016

** Goldman Sachs (NYSE: GS-PB - news) warned last week H1 likely to be weak for the industry, saw headwinds in every region

** Goldman flags recent comments from Tod's, Hugo Boss, Ferragamo and Swatch on current trading have all been weak and it forecasts 1% constant currency growth for the sector in 1H16 (vs. +1.5% in 4Q15)

** Liberum trims 2017 and 2018 EBIT forecasts by 1.5% and 3.1% and TP to 150p v 160p on Jimmy Choo, allows for continuing competition in the sector

** Sentiment already dampened by Paris shootings late 2015(weak euro drawn hordes of shopping tourists to major European cities)

** Brussels attacks sending luxury stocks lower on Tuesday: Kering (Swiss: KER.SW - news) -1.9%, Hermes -2.6%, LVMH -2.3%, Richemont -3% and Burberry -1.4% (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)