Re:

Jeffrey,

If you have a French lawyer/accountant who would like to have access to the Court's Data Room on D. P=rthault, they can access it by entering the following website;

https://www.comptoir-acque=eurs.com/dataroom/live.php

Enter the following addres= in the email : mwl@theberndynamic.com

Mot de Passe / Password : =RUMBEAT (all in capitals)

difficult to assess. the brand is great .. the french labor , regulat=on, lease. issues are complex.

Jeffrey,

Do you think D. Porthault is worth pursuing? If=so, would you consider backing me? We would need to submit a business plan=to the French Judge at the Bankruptcy court by May 24th which does not giv= us much time.

Clearly we would need to find a really could CEO and =FO and develop a marketing strategy.

I really think this is a jewel that has lost its lust=e and with a bit of polishing could regain its brand stature on the global=map in a relatively short period of time.

The exit would be in 3-5 years when it might be sold =o Chanel, Richemont or LVMH.

Just let me know either way ASAP, so I can pursue oth=r avenues if its not of any interest to you.

As ever,

Mark

In real life, the numbers would have to be vetted. I would love to help.&nb=p; what happens on the 24th

Agreed, there are a lo= of considerations to take into account.

The shop in Av Montaigne is under offer already (E3.7=) and should be replaced with something a quarter of the size in Av Faubou=g St Honore or the Left Bank.

Happily most of the labour that is left are all craft= people who do an amazing job. The useless CFO has already left and there =s no marketing director either. THe CEO Yves Alain Petitjean is unim=ressive. He claims he has had his back against the wall since he started 1= months ago due to inadequate funding. This is partly true, though I don't=think he gets this market or its potential. With a proper team in place, l=believe this can be managed.

In the first instance very little cash has to be put =p. It is more about commitment to retain the employee levels that concern =he French Court more than anything else.

Ironically, the market for this product line (the sup=r rich) are getting richer. It has been poorly managed and hopelessly mark=ted for ten years.

I believe it could be turned round within 2 years.&nb=p;

Cash required to purchase and run it for this period =ould be less than 7.5M Euros.