Revenue from Germany increased 3% for the quarter

Revenue from Germany increased 3% for the quarter and as we have said many times before we’re in a transition phase and revenue will continue to be volatile. But as announced in January is part of the resetting of the business in Germany we have entered into an agreement to assume a number of leaseholds in Germany of great sites where we plan to open owned and operated stores in 2015. We currently successfully assumed roughly two thirds of these leaseholds and all expected 78 leases should be wrapped up around March at the latest..

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