Mm.

Um, what does that enable us to do? Um, generate our own products, design our own products, um, manage the supply chain, and that results in obviously unique product ranges, but also a very healthy margin position, which means we can offer what we believe is incredible value compared to most of the brands out there.

Um, secondly, the proposition is multi-channel, it's omni-channel, so just shy of 40% of our sales are online, and we'll probably touch a- on, on that later on in terms of the store mix and how that's evolved over the last two or three years.

But about 40% online, uh, and the rest in store.

So we manage everything, both D2C and stores.

Yep.

Mm.

Those relationships with the manufacturers direct.

Can you see that? Let's come back there.

There's a question submitted.

I'll just read it out.

Could you please explain the disclosed transaction of Daniel in more detail and what's the reason to do this? Okay.

Yeah.

So from, from the place section on the script.

but my second point concerns because of the issues in the Middle East, et cetera, how secure are your product lines in terms of bringing them into the country and having enough stock if things were to give? Yeah, I'll

take that.

Good afternoon, sir.

Thank you, Paul.

Welcome, everybody.

Thank you for joining us.

I'm joined here by Dan Walden, our CFO.

We're going to walk through a presentation about 30 minutes and aim to leave 15 minutes at the end for questions.

So we're going to cover five key areas today.

So