Luca de Meo
CEO & Director

So ladies and gentlemen, welcome, and thank you for joining us. I wanted to start today's event by presenting to you the team behind the preparation of the plan. So the people who will be leading its execution in the next years. So we have our group functions, our CEOs of the brands, our artistic directors. But you know the transformation we're driving, it's not the project of one individual, it's a project of a group, of an entire group. Our collective target will be to bring clarity and I would say decisive action and to ensure that execution and not just vision defines our ambition.

So I would also like to say how pleased I am to have our Chairman, Francois-Henri Pinault, with us today. Welcome. Francois-Henri, as you know, after leading this organization operationally until September 2025, he has continued to strongly support us and in his new role, ever since, I would say. So that's where we are. We will start the things. So thank you, ladies and gentlemen. Please take back your seat, and let's start the journey.