Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Jeff Klinefelter with Piper Jaffray. Please proceed.
Jeff Klinefelter - Piper Jaffray
Yes, congratulations, everyone, on another very strong quarter. I wanted to focus on your European business and what appears to be a continuation of a very, very strong growth rate and despite the volatility in those markets and number one on Europe, with Marciano, I think Paul, you commented the Marciano business, you are very pleased with it and I wanted specifically, the integration is going according to plan, any highlights that you’d call out in terms of where you’ve been able to take that business since you brought it back in directly?
And then over time, do you expect -- or how should we think about the operating margins of that business once we anniversary or annualize some of these investments? Is it a mid-teens op -- or mid-20s op margin again over time? What directionally should we look for?
Paul Marciano
I’m going to answer first about the expansion of Marciano, which is Guess by Marciano in Europe. Today we have exactly 27 stores and if you look at any country except Italy, Italy has 11 stores. Other countries like France has only three stores, England we have not even started, Russia we have four, Turkey we have three. I mean, we have absolutely the whole entire field of Europe wide open and we are planning to go aggressively now that we’ve bought back the license of focus Europe two years ago, a year-and-a-half ago, to definitely expand that division on a much faster scale.
About the product itself also, now also we develop that you have seen in all our stores in America the Marciano shoes, [which goes] on a contemporary line, that also [will be] carried in all our Marciano stores in Europe. So now the box will be a little bit bigger. And about the margin, I think Carlos is going to address that.
Carlos Alberini
Yes, Jeff, when we acquired the license, and I think you were asking about margins for our Focus business, which is the Guess by Marciano business in Europe, at the time that we acquired the business, we had an expectation to reach a margin that I can tell you we have exceeded so far, so things are looking very good there. I don’t think that we are in a position to start talking about operating margin in the mid-20% range, but I think that the teens is what we have achieved last year and we have expectations that we can improve from there.
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