We have fantastic leather quality and craftsmanship. We are a cultural brand, which needs to be discovered and once it is discovered, people really love it. We always say that the luxury business is not affected by the crisis because our products are addressed to a certain number of people who have money. But today, when we move to success to address more and more the middle class people, not only the happy few. We said this will not last forever.
Nobody can ignore Asia.
In 1999 we renovated almost 90 percent of our store. We've grown by 40 percent in 2000. We believe in this market. We have excellent plans for the Filipinos. Sooner or later we'll expand our shop to give Manila customers a variety of things that are more representative of what Loewe is today.