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But the French government's debt burden is fairly high, close to 100% of annual economic activity or GDP. That's a marked increase since the turn of the century when it was less than 60%. The IMF says that fiscal dynamics could easily derail, if for example economic growth is a lot weaker than expected. What it means by that is that the debt burden could rise quite rapidly if weak economic growth undermines tax revenue. Currency competitiveness Another view siteÂ… feature of the French government finances is that the public sector is one of the largest. Public spending last year was 56.5% of GDP, the highest of any of the developed economies. The benefits include high levels of public services, but does also mean French people and businesses pay a lot of tax. One of the defining features of French economic life this century has been the use of the euro as the country's currency. France has not been at the eye of the financial storms that raged in the early part of this decade, though the debt level and rather sluggish economic growth did make some commentators wonder whether that might have changed.
( VRA ) (Vera Bradley or the Company), the iconic accessories and lifestyle brand, today announced it has entered into a licensing agreement with CID Resources Inc. for apparel and coordinating accessories designed specifically for the expanding population of female health care professionals. Rob Wallstrom, Chief Executive Officer of Vera Bradley, noted, Vera Bradley enters new product categories when it can deliver its signature style paired with new functionality missing from existing products in the market. The medical uniforms market alone is estimated at $1.8 billion in the U.S., and our research indicates that nearly 20% of our customers identify themselves as working in the health care industry. We are delighted that we will be able to offer beautiful apparel and accessories solutions not only to these existing customers but to introduce Vera Bradley to thousands of other medical professionals as well. We are thrilled to inject our version of functionality, color, and especially fun into this important product category. Vera Bradleys objective is to provide women with beautiful solutions in a growing number of areas in their lives. Interpretations of our beautiful and unique patterns will be ideal for this emerging category of apparel and accessories, and health care professionals will love our great designs, commented Stephanie Lawrence, Vice President of Licensing. The products ชุดผ้าปูที่นอน พร้อมส่ง will be highly functional, contain technical materials and innovative construction techniques, and feature design lines and patterns that flatter a broad spectrum of silhouettes. Products will range from uniforms to coordinating totes and bags to ID badge holders. Vera Bradley Co-Founder Barbara Bradley Baekgaard added, We are particularly excited about entering the health care category as the Vera Bradley Foundation for Breast Cancer Research has played an integral role in changing the face of breast cancer research, contributingmore than $28 million to the cause. The health care professionals collection is expected to launch in spring 2018. Since September 2016, the Company has announced new licensing agreements with Peking Handicraft Inc. for decorative bedding, area rugs, and kitchen textiles (product launch date: July 2017); Renfro Corporation for hosiery, tights, boot liners, and slipper socks (product launch date: July 2017); Mainstream Swimsuits, Inc. for swimwear and cover-ups (product launch date: May 2017); Incipio for various technology products including smartphone and tablet cases, power solutions, and portable audio (product launch date: March 2017); Lifeguard Press for signature stationery and home and office organizational products (product launch date: July 2017); and Fox Chapel Publishing for coloring activity and design books and gift sets (product launch date: November 2016). The Company has an existing license agreement with the McGee Group for readers and sunglasses. All licensed products will be sold in appropriate distribution channels which could include Vera Bradley stores, verabradley.com, and specialty and chain stores throughout the country. Vera Bradley is working with the licensing partners in the development and final approval of all product designs. Management does not expect licensing partnerships to have a material impact on the companys financial performance for the fiscal year ending February 3, 2018. About Vera Bradley, Inc. Vera Bradley is a leading designer of women's handbags, luggage and travel items, fashion and home accessories, and unique gifts. Founded in 1982 by friends Barbara Bradley Baekgaard and Patricia R. Miller, the brand's innovative designs, iconic patterns, and brilliant colors continue to inspire and connect women unlike any other brand in the global marketplace. The Company's commitment to bringing more beauty into women's lives includes its dedication to breast cancer research through the Vera Bradley Foundation for Breast Cancer. For more information about Vera Bradley ( VRA ), visit www.verabradley.com . About CID Resources Inc.
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