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QBHF
QBHF
EUROPEAN
& TRENDS
OVERVIEW
MARKET
QBHF
Market Trends. ɨF &VSPQFBO BQQBSFM NBSLFU JT IBWJOH TPNF TJHOJëDBOU DIBOHFT EVF UP UIF NPNFOUPVST JODSFBTF JO VTBHF PG TNBSU QIPOFT BOE TPDJBM NFEJB ɨVT UIF DPOTVNFST FYQFDU BO FO IBODFE TIPQQJOH FYQFSJFODF BOE B NPSF USBOTQBSFOU QSPDFTT PG UIF WBMVF DIBJO GSPN TPVSDJOH UP EFMJWFSJOH DIBJO G &NFSHJOH BOE FTUBCMJTIFE CSBOET BSF HPJOH GPS BO PNOJ DIBOOFM NPEFM JO PSEFS UP SFBDI UP UIF EJêFSFOU UBSHFU NBSLFUT XJUI UIF VTF PG TPDJBM NFEJB XIJDI JT UIF CFTU XBZ PG DPNNVOJ DBUJOH UP UIFJS DVTUPNFS BT JU JT JO SFBM UJNF BOE JU QSPWJEFT RVJDL SF TQPOTFT .BOVGBDUVSFST BOE SFUBJMFST BSF TFFLJOH GPS NPSF SFTQPOTJCMF BD UJPOT CZ MJOLJOH UIFJS QSPDFTTFT BOE WBMVFT UP /(0 T XIJDI JT OPX IBWJOH B TUSPOH JOìVFODF JO UIF DPO TVNFST} CFIBWJPVS BOE EFDJTJPOT ɨF XBTUFT BOE FOWJSPONFOUBM GBDUPST JT JNQPSUBOU UP UIF &VSPQFBO DJUJ [FOT ɨF iNJMMFOJBMTw QSFGFS TIBSJOH BOE CPSSPXJOH UIBO CVZJOH .PSFP
QBHF
WFS QFPQMF BSF CFDPNJOH NPSF BDUJWF QIZTJDBMMZ BOE UIFZ BSF BMTP SFDPO OFDUJOH XJUI UIFJS MPDBM DPNNVOJUJFT XIJDI ESJWF UIF JODSFBTF PG HZN HPFST BOE DPNVOBM SVOOJOH FYFSDJTFT .BOZ &VSPQFBO ëSNT BSF MPPLJOH GPS TVQQMJFST JO B TUSBUFHJD HFPHSBQIJDBM MPDBUJPOT JO PSEFS UP SFEVDF DPTU BOE FOWJSPONFOUBM JNQBDU ɨF PWFSBMM QPQVMBUJPO JO &VSPQF JT BHJOH XIJDI NFBOT UIBU DPNQBOJFT DPVME GPSDVT NFBOT UIBU DPNQBOJFT DPVME GP PO UBSHFUJOH UIF TFOJPS TFHNFOUBUJPO
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QBHF
Consciousness and responsibility. i#VZ MFTT $IPPTF XFMM .BLF JU MBTUw 7JWJFOOF 8FTUXPPE
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QBHF
Slow fashion. *O TVTUBJOBCJMJUZ IVHF JNQBDUT PDDVS EVSJOH UIF VTBHF BOE UIF EJTQPTBM PG B HBSNFOU XIJDI NFBOT UIBU UIF DPOTVNFS TIPVME UBLF QBSU JO UBLJOH DBSF PG UIFJS HBSNFOUT EVSJOH UIJT TUBHF PG UIF QSPEVDU MJGFDZDMF BOE UIF SF UBJMFST NJHIU CF SFTQPOTJCMF GPS FEVDBUJOH UP UIFJS DPOTVNFST IPX UIFJS BDUJPOT DBO IBWF B TJHOJëDBOU JNQBDU PO XBTUBHF BOE SFEVDJOH PG TJHOJëDBOU JNQBDU PO XBTUBHF BOE UIF DBSCPO GPPUQSJOU .BLJOH DPOTDJPVT DIPJDFT #VZ MFTT JT UIF DVSSFOU TFOUJNFOU JO &VSPQF BT DPOTVNFST JOWFTU JO B GFX LFZ QJFDFT UIBU MBTUT GPS HFOFSB UJPOT 3FEVDJOH XBTUF " WBTU BNPVOU PG DMPUIJOH FOET VQ JO MBOEëMMT FWFSZ ZFBS JO &VSPQF $PNQBOJFT BSF QSPNPUJOH DBNQBJHOT JO PSEFS UP NBLF JU FBTJFS UP SFVTF BOE SFDZDMF ɨF JEFB XPVME CF UP DSFBUF B DMPTFE MPPQ GPS FWFSZ HBSNFOU ɨF &VSPQFBO $PNNJTTJPO IBT USBOTNJUUFE UIF JOUFOUJPO PG CFDPNJOH B NPSF DJSDVMBS FDPOPNZ XIFSF iSF VTF SFQBJS NP BOE SFDZDMJOH JT UIF OPSN BOE XIFSF XBTUF JT B DPODFQU PG UIF QBTUw -BCFMMJOH *OUSPEVDJOH MBCFMT XJUI DPOTDJPVT DBSF JOGPSNBUJPO JT B XBZ UP JOGPSN DPOTVN FST BCPVU IPX UP SFEVDF DMJNBUF JNQBDU
QBHF
Closer and more responsible supply chains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ëSTU &VSPQFBO BQQBSFM TVQQMJFS GPMMPXFE CZ PUIFST "TJBO DPVOUSJFT IPXFWFS UIF QSJDJOH JO DSFBTF JO MBCPVS BOE QPMJUJDBM JOTUBCJMJUZ BSF NBLJOH UIF CSBOET NPWF UIFJS QSP EVDUJPO UP DMPTFS TVQQMJFST ɨJT JT BMTP LOPXO BT UIF iQSPYJNJUZ NPEFMw ɨF ǎ WBMVF JT EFDSFBTJOH BOE BU UIF TBNF UJNF UIF WBMVF JT JODSFBTJOH UIJT NFBOT
QBHF
UIBU &VSPQF JT CFDPNJOH NPSF BUUSBDUJWF BT B EFTUJOBUJPO PG BQQBSFM NBOVGBDUVS JOH 1BSUJDVMBSMZ GBTIJPO CSBOET XIJDI PQFSBUFT JO "TJBO DPVOUSJFT BSF NPWJOH DMPTFS UP QMBDFT TVDI BT .BDFEPOJB (FPSHJB "SNFOJB BOE 4FSCJB ɨFZ IBWF SBX NBUFSJBMT BOE BSF DMPTFS UP &VSPQF XIJDI SFEVDFT UIF USBOTQPSUBUJPO DPTUT BOE GBTUFS JO UFSNT PG EFMJWFSZ $PNQB OJFT TVDI BT *OEJUFY TUBUFT UIBU BSPVOE PG UIFJS QSPEVDUJPO JT MPDBUFE JO 4QBJO XIFSF UIFZ IBWF UIFJS IFBERVBS UFST BOE TVSSPVOEJOH DPVOUSJFT .PSPD DP BOE 1PSUVHBM ɨJT QSPWJEFT TQFFE UP NBSLFU XIJDI JT XIBU NBLFT UIFN TVDI B IVHF TVDDFTT
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QBHF
"MUIPVHI DVTUPNFST TUJMM QSFGFS UP EP UIFJS TIPQQJOH JO CSJDLT BOE NPSFUBS TUPSFT UIF POMJOF TIPQQJOH NBSLFU EPFT OPU TIPX TJHOT PG TMPXJOH EPXO #Z UIF FOE PG B TVSWFZ NBEF GSPN 1PTU OPSE TIPXT UIBU &VSPQFBO DPVOUSJFT TQFOE BSPVOE ǎ CJMMJPO BOE UIF CFTU TFMMJOH DBUFHPSJFT BSF DMPUIJOH BOE CFTU TFMMJOH DBUFHPSJFT B GPPUXFBS &BTUFSO &VSPQFBOT BOE 4PVUI FSO &VSPQFBOT UFOE UP MPPL GPS UIF MPXFTU QSJDFT BT UIF NPTU JNQPSUBOU GBDUPS XIFO TIPQQJOH POMJOF XIJMF /PSUIFSO &VSPQFBOT QSFGFS CFUUFS TFS WJDFT BOE DVTUPNFS TVQQPSU "MM PG UIFN IBWF B DPNNPO GBDUPS RVJDL EFMJWFSZ ɨFSF JT B TFHNFOU JO UIF QPQVMBUJPO UIBU CSPXTF POMJOF BOE NBLF UIFJS QVS DIBTFT JO TUPSF BMTP LOPXO BT DMJDL BOE DPMMFDU BOE UIJT JT QJPOFFSJOH B OFX
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QBHF
Smartphones and social media users: communication
ɨF BWFSBHF PG JOUFSOFU VTFST TQFOE CFUXFFO IPVST UP IPVST B EBZ VTJOH UIF JOUFSOFU PO UIFJS MBQUPQT BOE CFUXFFO IPVST UP IPVST PO UIFJS TNBSUQIPOFT #Z UIF FOE PG PG UIF &VSPQFBOT VTFE TPDJBM NFEJB MFBE CZ *DFMBOE XJUI PG UIF QPQVMBUJPO BDDFTTJOH TPDJBM NFEJB GPMMPXFE CZ /PSXBZ .BMUB %FONBSL 4XFEFO BOE UIF 6, ɨF BWFSBHF OVNCFS PG IPVST B EBZ TQFOU CZ FVSPQFBOT JO TPDJBM NFEJB JT CFUXFFO UP IPVST ɨJT NFBOT UIBU TPDJBM NFEJB JT UIF GBTUFTU XBZ PG DPNNVOJDBUJOH XJUI QFPQMF BOE UIF CFTU XBZ BDRVJSJOH RVJDL GFFECBDL
QBHF
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Sharing generation. i.BUFSJBMJTN JT NBLJOH NJM MJPOT PG VT GFFM KPZMFTT BOYJPVT BOE FWFO XPSTF EFQSFTTFE w
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"DDPSEJOH UP DVMUVSBM GPSFDBTUFS +BNFT 8BMMNBO XSJUUFO JO IJT OFX CPPL 4UVêP DBUJPO -JWJOH .PSF 8JUI -FTT "MM OPUJPOT BCPVU DPOTVNQUJPO BOE PXO FSTIJQ IBWF CFFO EJTSVQUFE :PVOH &VSP QFBOT BHFE CFUXFFO BOE BMTP LOPXO BT UIF iNJMMFOJBMTw IBWF TPNFUIJOH JO DPNNPO UIFZ BSF UIF TIBSJOH HFOFSB UJPO BOE UIFZ QSFGFS CPSSPXJOH BOE TIBS JOH SBUIFS UIBO CVZJOH ɨF iNJMMFOJBMT BSF SBJTFE JO UIF EJHJUBM FSB BOE UIFZ TQFOE MFTT GBDF UP GBDF UJNF ɨFZ BMTP TXBQ DMPUIFT PO 4XBQTUZMF USBWFM WJB #MB#MB$BS POMJOF DBSQPPMJOH TFSWJDF BOE TMFFQ JO CFBVUJGVM BQBSUNFOUT UIPVHI XFCTJUFT TVDI BT "JS#O# PS FWFO GPS GSFF VTJOH $PBDITVSëOH ɨFZ BSF BMTP HJWJOH B OFX MJGF UP UIFJS VOXBOUFE UIJOHT TFMM B O JOH JU WJB POMJOF NBSLFUT BT 8BMMBQPQ ɨFZ QSFGFS UP TFFL FYQFSJFODFT FYQFSJFOD FT SBUIFS UIBO UIF NBUFSJBMJTN UIBU UIFZ XFSF VTFE UP CFGPSF UIF FDPOPNJD DSJTJT
QBHF
LIFESTYLES QBHF
Healthier lifestyles. 4FEFOUBSZ BOE VOIFBMUIZ MJGFTUZMFT BSF GSPXOFE VQPO UIFTF EBZT 1IZTJDBM BDUJWJUZ JT UIF CFTU XBZ PG GFFMJOH NFOUBMMZ BOE QIZTJDBMMZ ëU *U QSFWFOUT TFWFSBM JMMOFTTFT BOE TPNF UJNFT B QSFNBUVSF EFBUIT &VSPQFBOT BSF MPPLJOH GPS IFBMUIJFS MJGFTUZMFT CZ QSBDUJDJOH NPSF FYFS MJGFTUZMFT DJTF BOE NJOEJOH BCPVU XIBU UIFZ FBU BOE XIFSF EPFT JU DPNF GSPN ɨJT JT USBOTMBUFE CZ UIF JODSFBTF PG UIF HZN HPFST BOE UIF BQQFBSBODF PG TQPSUT DPNNVOJUJFT 'VSUIFS NPSF GPPE BOE ESJOL DPNQBOJFT BSF QSPNPUJOH IFBMUIJFS MJGFTUZMFT CZ FEVDBUJOH UIF DPOTVNFST BOE USBOTNJUUJOH USBOTQBSFODZ
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Festival Goers
Foodies
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QBHF
ECONOMY & DEMOGRAPHICS QBHF
Economic recovery. Braindrain. ɨF FDPOPNJD SFDPWFSZ SFNBJOT TMPX BT &VSPQF TUSVHHMFT UP SFDPWFS GSPN UIF MBTU SFDFTTJPO ɨF FDP OPNJD BOE QPMJUJDBM VODFSUBJOUZ IBWF HBJOFE TJHOJëDBODF EVSJOH UIF MBTU ZFBST 1SJWBUF DPOTVNQUJPO BOE FYQPSUT IBWF CFFO UIF NPTU TVQQPSUFST GPS UIF TMJHIU FDPOPNJD TVQQP HSPXUI ɨF VOFNQMPZNFOU DPN QSJTFT PG UIF BDUJWF QPQVMB UJPO JO &6 &BTUFSO DPVOUSJFT BSF FYQFDUFE UP IBWF B TJHOJëDBOU HSPXUI &TUPOJB -BUWJB 1PMBOE 3PNBOJB $[FDI 3FQVCMJD BOE XJMM CFDPNF NPSF QPXFSGVM XJUIJO UIF &6 4QBJO 1PSUVHBM *UBMZ BOE (SFFDF BSF TUJMM JO SFDFTTJPO HSPXJOH TMPXMZ BOE SFQSFTFOU B HPPE PQQPS UVOJUZ UP JOWFTU
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QBHF
Ageing population &VSPQF IBT UIF MPXFTU QPQVMBUJPO HSPXUI JO UIF XPSME DPNQBSFE UP TPUIFS DPOUJOFOUT %VF UP UIF MBDL PG ëOBODFT BOE TVQQPSU GSPN TPNF UIF HPWFSONFOUT UIF CJSUI SBUF SFNBJOT TUBHOBOU BT UIF NBKPSJUZ PG UFI GBNJMJFT DBO OPU BêPSE UP IBWF DIJMESFO "O BW FSBHF PG PG UIF FVSPQFBO DJUJ FSBHF PG PG UIF FV [FOT BSF FYQFDUFE UP CF ZFBST PME PS PWFS CZ ɨBU JT XIZ JT WFSZ JN QPSUBOU UP UBSHFU UIFTF DVTUPNFST BOE TUBSU VOEFSTUBOEJOH UIFJS OFFET UBLJOH JOUP BDDPVOU UIF GBDUT UIBU UIFZ IBWF B MPU PG GSFF UJNF BOE NPOFZ UP TQFOE ɨFZ BSF TUBSUJOH UP USBWFM FTQFDJBMMZ BSPVOE &VSPQF BT UIFZ IBWF UIF GSFF EPN PG NPWFNFOU JO &6 BOE UIFZ BSF MPPLJOH GPS EZOBNJD FYQFSJFODFT JO EJG GFSFOU DPVOUSJFT
QBHF
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QBHF
EUROPEAN QBHF
BRAND
WATCH QBHF
OVERVIEW
MARKET
ɨF SFQPSU DPODFOUSBUFT PO UIF HFOFSBM NBSLFU PG UIF NBTT QSP EVDFE BTQFDU PG UIF GBTIJPO JOEVT USZ "T TFFO GSPN UIF QBTU DPVQMF PG ZFBST GBTU GBTIJPO IBT CFFO TUFBMJOH TPNF PG UIF VQTDBMF EFTJHOFST NBSLFU CZ QSPEVDJOH TJNJMBS TUZMF PG HPPET TQFFEJMZ BU B NPSF BDDFTTJ CMF QSJDF QPJOU HJWFO UIBU UIFZ BSF JO EJêFSFOU NBSLFU TFHNFOUT 3P IXFEEFS ɨF IJHI TUSFFU GBTIJPO CSBOET OFFE UP BEBQU RVJDLMZ UP UIF NBSLFU OPU KVTU CZ DPNQFUJOH XJUI EFTJHOFST CVU XJUI MJGFTUZMF BOE USFOET BT XFMM ɨF LFZ USFOET JO &VSPQF BSF 8(4/ B DPNNPO SFGFSFODF UP GBTIJPO USFOE SFQPSU &YQFSJFOUJBM CBTFE $PNNVOJUZ CBTFE $PSQPSBUF 4PDJBM 3FTQPOTJCJMJUZ "DUJWF MJGFTUZMF 0OMJOF TIPQQJOH &YQFSJFODF IBT ESJWFO HSPXUI JO TPNF PG UIF LFZ NBSLFU TFHNFOUB
QBHF
UJPO %VF UP UIF PWFSXIFMNJOH OVNCFS PG HPPET JO UIF NBSLFU NBOZ QFPQMF BSF TUSBZJOH BXBZ GSPN NBUFSJBMJTN CFDBVTF JU JT NBLJOH UIFN VOIBQQZ BOE UIFZ BSF TFFLJOH FYQFSJFODF BT B TVCTUJ UVUF 8BMMNBO ɨJT IBT ESJWFO UIF OVNCFS PG GFTUJWBMHPFST BOE BDUJWF TQPSUT MJGFTUZMF VQ $PO TVNFST BSF CFDPNJOH BXBSF PG UIF SFTQPOTJCJMJUZ UIBU ëSNT IBWF UP UIF DPNNVOJUJFT BOE HPPE QSBDUJDFT ESJWFT TBMFT FTQFDJBMMZ JO (FSNBOZ )FSF BSF UIF LFZ QSPTQFDUT PG UIF 8FTUFSO &VSPQFBO GBTIJPO NBSLFU &VSPNPOJUPS
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MATERIALISM
ɨF HFOFSBM USFOE PG HSPXUI JO UIF GBTIJPO JOEVTUSZ EFQJDUT BDDVSBUFMZ BT UP IPX UIF &VSPQFBO DPVOUSJFT FDPOPNZ JT QFSGPSNJOH ɨF 6OJUFE ,JOHEPN IBT SFDPWFSFE XFMM BOE UIF GBTIJPO NBSLFU JT GBDJOH TJHOJëDBOU HSPXUI JO BMM TFHNFOUT XIFSFBT *UBMZ 4QBJO BOE 'SBODF PO UIF PUIFS IBOE 4QBJO BOE BSF TUJMM GFFMJOH UIF SFDFTTJPO ɨF &DPOPNJTU .BOZ DPOTVNFST IBWF MFTTFS EJTQPTBCMF JODPNF BOE UIFJS VODFSUBJOUZ UPXBSET UIF FDP OPNJD SFDPWFSZ IBT IJOEFSFE UIFJS FYQFOEJUVSFT "DUJWF TQPSUTXFBS IPXFWFS IBT CFFO HSPXJOH EFTQJUF UIF FDPOPNJD VODFSUBJOUZ TJNQMZ CF DBVTF PG UIF LFZ USFOET UIBU JT FNFSH JOH JO &VSPQF XIJDI JT UIF JODSFBTF PG DPOTVNFST QBSUJDJQBUJOH JO BDUJWF MJGFTUZMFT *O BEEJUJPO KFBOT BMTP IBWF CFFO HSPXJOH JO UIF 6, BOE PUIFS QBSUT PG 8FTUFSO &VSPQF CF DBVTF PG UIF SJTF JO DPME UFNQFSB UVSFT ɨF EFDMJOF PG UIF KFBOT NBSLFU JO 'SBODF JT OPU EVF UP FDP OPNJD DPOEJUJPOT CVU CFDBVTF UIFSF JT B TIPSUBHF PG CSBOET BOE TUZMF TF MFDUJPOT JO UIF NBSLFU 8FTUFSO
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QBHF
WINNERS
& LOSERS
QBHF
WINNERS
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LOSERS
ɨFSF BSF DMFBS TUBOEPVU MPTFST JO UIF 6OJUFE ,JOHEPN BOE UIFZ BSF .BSLT 4QFODFS BOE #)4 8IJMF .BSLT 4QFODFS JT MPTJOH UIFJS NBSLFU TIBSF JO DFSUBJO BSFBT TVDI BT XPNFOTXFBS #)4 IBT DPNQMFUFMZ GBJMFE BOE UIFZ IBWF NBEF GVSUIFS BOOVBM MPTTFT GPS TFWFSBM ZFBST XIJDI SFTVMUFE JO UIF TFQBSBUJPO ZFBST XIJDI GSPN "SDBEJB HSPVQ .BSLT 4QFODFS IPXFWFS SFUBJOT UP CF UIF MFBEFS JO NFOTXFBS JO UIF 6, BOE UIFZ IBWF BMTP KVTU IBT B SJTF JO QSPëU JO UIF ëSTU RVBS UFS PG BGUFS ZFBST )PXFWFS UIJT NJHIU KVTU CF B TIPSU UFSN SFDPWFSZ BT UIFJS TBMFT XFSF CPPTUFE CZ UIFJS POMJOF UIFJS TBMFT QSFTFODF (VBSEJBO #PUI DPN QBOJFT IBWF GBJMFE UP BEBQU UP UIF DVS SFOU NBSLFU USFOET BOE UIBU JT POF PG UIF NBKPS SFBTPO GPS UIFJS EPXOGBMM 8IJMF UIF USFOET IBWF NPWFE PO UP BDUJWF MJGFTUZMFT BOE TMJNNFS DVU BQQBS FMT .BSLT 4QFODFS IBWF OPU SF TQPOEFE FOPVHI JO DPNQBSJTPO UP PUIFS IJHI TUSFFU CSBOET
ASOS
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QBHF
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QBHF
IBWF UIF BCJMJUZ UP GPSFDBTU XIFO B QBSUJDVMBS USFOE XJMM CF BU JUT QFBL BOE SFMFBTF MJNJUFE QSPEVDUT JO TUPSF BIFBE PG UIFJS DPNQFUJUPST -JNJUFE QSPEVDUJPO BMTP NFBOT UIBU UIFZ IBWF MFTTFS JOWFOUPSJFT UIBU UIFZ IB XIJDI DVU EPXO DPTUT BOE HJWF B TFOTF PG FYDMVTJWJUZ 4IPQ TUBêT BSF BMTP FODPVSBHFE UP IFMQ JO IPVTF EFTJHOFST PO UIF MBUFTU USFOET (VBSEJBO .PSF UIBO PG QSPEVDUT BSF TUJMM NBOVGBDUVSFE JO AQSPYJNJUZ MPDB NBOVGBDUV UJPOT TJODF *OEJUFY IBWF TUBSUFE UIFJS CVTJOFTT XIJDI JODMVEFT .PSPDDP 5VSLFZ 4QBJO BOE 1PS UVHBM XIJDI POF PG UIF SFBTPO XIZ UIF TQFFE GSPN NBOVGBDUVS FST UP UIF TIPQT BSF RVJDL 3 EJDL *OEJUFY IBT B SJTF JO OFU QSPëU FWFO XJUI UIF FDPOPNJD VODFS UBJOUZ JO &VSPQF CVU UIFJS BCJMJUZ JO TBUJTGZJOH GBTIJPO USFOET TVDI
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C&A QBHF
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