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A word from the President

" In spite of all our efforts, 2016 was not a great year for Le Tanneur & Cie if we limit ourselves to a strictly financial reading of the period. This would however be ignoring the actions which were realized to adapt the organization of our two branches to the world of tomorrow: a word with Internet, internationalization and complex logistic flows. In these domains, the progress realized is undeniable and allows us to prepare a better future. 
The branch Manufacturing for luxury houses faced two challenges: to add a know-how of small leather goods to our main industrial site and to collaborate with new contractors. Our productivity was impacted but the teams managed to adapt. In the second half-year, the implementation of a new information system in connection with our main contractor unfortunately caused supply disruptions which affected the branch contribution. At a time when logistic circuits become more and more complex, all our efforts are now concentrated towards a total master's degree of the flows piloting.
 
The Own brands, too dependent on a gloomy domestic context, suffered of the overall traffic decrease noticed in the off-line business. It is the proof of the importance to find our way in the export and to mark our commercial presence on the Internet. To be successful with this strategic plan, it was beforehand essential to clarify the positioning of the brand Le Tanneur in terms of products range and communication: a functional brand for everyone. This is what we made in 2016, we are now ready.
 
Confident, the main shareholder renewed his support during all past year.
 
I thank all our partners, customers, suppliers, shareholders and employees for their continuous support throughout the past years and the future. It is together that we will transform the potential of Le Tanneur & Cie into tangible success. "

Mohamed Dobashi
Chairman of Board of Directors

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