As an international brand with a strong focus on Asia,
especially Greater China, the markets in this part of
the world will continue to play an important role in our
portfolio. Due to the current volatile situation in those
markets and the world economy in general, one of our top
priorities will be to improve our distribution network.
Price differences in many markets are still a topic that
is widely discussed, but we have to make sure that they do
not confuse our consumers: our company stipulates valid
international retail prices, but because of different
taxes and tariffs in different countries, there are still
markets where prices are higher than in others. We have
to face this issue on a regular basis and we will discuss
the best solution for our consumers with our partners. In
China, for example, we want to keep our existing sales
channels, while at the same time tapping into new areas
for opening Titoni Points of Sale in 3rd and 4th tier cities.
As a side note, I want to add that we have just begun
a new co-operation with a partner in India and Australia.
