it is a bit of a rolle adblock. the macroeconomic scenario is very different.ales.g in china, it is more than the economy softening. it is the impact of restrictions reducing conspicuous consumption. nd -- an brandsou look at these in china, strong brands. they are differentiated. having said that, the two brands which have been doing things nel, the paris cha fashion show. they have managed the balance between exclusivity has been strong. rishaad: what about the discounters we have seen? the discounts in hong kong and mainland china for some of these brands. has that hit that were a of the exclusivity of them? interestinga very point on that. you would think that if you reduced prices, you would make them more accessible. that is the first thing you would think. let's look at the context in terms of what the price drops have been. bands -- brands like typically been doing, what was happening was a lot of were traveling. creating a scenario where they are selling it. what this is going to do is brand anat and give opportunity to create engagement at the store.