DOSSIN ADVISORY EFTA00521868 A Licensing Model Offering Full Flexibility Going Forward Summary of Net Wholesale Turnover by Licensees emanual Lngaro (Eur) % 2,009 2010E 2011E 2012E 2013 E EUROPE USA CHINA : U by Ungaro Total Women Ready-To-Wear 5,028,312 998,092 6,026,404 1,450,000