please elaborate these notes from a board meeting: NAME_1
Chairmain: NAME_2
Company: xxxxx

In line with budget until June 2021 – tough second half of the year 
Number of initiatives to renegotiate lease etc and try to exchange long term with lower than market
Significant evolution in management – NAME_3 (CEO) left the group – anticipated his departure
Next development phase for NAME_1: new CEO already signed binding agreement will start first half of may 2022 – 
NAME_4 record in consumer companies, NAME_4 international experience (is italian but was US based)
Bring back the company to growth and development 
TPR performed very well – 69 million of EBTDA – driven by extraordinary elements (transaction in France with extraordinary gain 
France is a key component of TPR – completed acquisition of France based retailer for NAME_5 
NAME_5 were almost bankrupted – this small acquisition already generated positive EBITDA
Management will focus on Licco development 
TPR could become more independent from Samba Tour / Licco
NAME_6: managed to have NAME_1 onboarded on Zappando / 
Amazon was first client of NAME_1 for e commerce – e commerce easier for homecare elements 
For Youngster (strollers etc) 
Key element for the new CEO – ecommerce/online is key
Financial positions: closed 2021 with 290million euro of financial debt
115-million-euro EBITDA 
LO: exit plans?
NAME_7: TPR delivered good results and management very NAME_4 explaining significant growth ahead for company  
For exit, 