The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: It's a pleasure to talk to you. I have a question on the inventory, the topic you hinted at before? And if...
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: So the spring/summer season will last a bit longer like other players are saying. And then you will decide what to do. But at the same time, the
spring/summer 2021 collections must be very fresh and contemporary. Yes. So we will understand later on how much carryover goods we have
for the following season and where we have to apply some sort of write-downs or maybe to use the outlet stores. But I think that thanks to your
approach, you won't have a lot of carryover because you will prefer to maintain a freshness of your product. I wanted to understand this better.
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: Yes. Then you'll update us later on.
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: Yes, I apologize. I wanted to raise another point on the retail. So at the end of spring/summer -- sorry, the question is on the wholesale, when they
take -- will take stock of the situation at the end of the summer, what will be your approach in case there's a whole lot of unsold goods, for example?
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MAY 07, 2020 / 4:00PM, BCU.MI - Q1 2020 Brunello Cucinelli SpA Earnings Call
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: And still on this. Well, maybe I can ask this question later. I'll think about it first.
Question: Paola Carboni - Equita SIM S.p.A., Research Division - Analyst
: Yes. The doubt I had was, it's the ways -- flexibility with these partners, not do any reassortment so maybe you won't have any reassortment there?
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