Jean-Michel Noir: Chairman and CEO of Redcats - Cyrillus Sharon MacBeath: SVP, Human Resources and Communication Eric Courteille: Chief Financial Officer Nathalie Balla: Chairman and CEO, La Redoute France Dominique Giusiano: Chief Executive Officer, Children Family Brands Françoise Dévé: Chief Executive Officer, Europe Sylvain Desjonquères: Chairman and CEO, USA