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  "notes": "The slide uses a waterfall chart to bridge revenue from H1 22 to H1 23, broken down by Retail, Wholesale, and Royalties.",
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      "text": "A FIRST HALF IN TRANSITION\nQ2 REVENUE UP 1% COMPARABLE\n- Retail driven by higher AUR across categories\n- Good performances in Handbags, Travel and Women’s\n- E-commerce, Men’s and entry-level segments a drag, esp. in North America",
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