Question-and-Answer Session
Operator
Our first question is coming from Jeff Blaeser - Morgan Joseph.
Jeff Blaeser - Morgan Joseph
A quick question on the ERP system, once you decide to go live how long do you think it’ll take to completely integrate it and be comfortable with it?
Richard Cote
Obviously, before we go live we will be very comfortable with our revised processes that will be globalized and standardized and very comfortable with data transfer and integration of that nature in the running of SAP. Obviously with anything like that you generally have a stabilization period and we would expect a normal stabilization period of approximately up to six months as a reasonable timeframe and that stabilization is getting everyone 100% comfortable with everything that they are running day-in and day-out.
Jeff Blaeser - Morgan Joseph
In China, any particular lines that you’d be focusing on in that market? Without getting into any specifics any thoughts of adding new licenses going forward or is it still focused on the three developing lines that you have right now?
Efraim Grinberg
Let me start with the first part of that question. We have great brands and really each brand has its own DNA and unique positioning. So, our current plan and because we believe we start great growth prospects in our existing brands is that we are very satisfied with the opportunities that those present to us.
Really all of our brands have a capability of having a significant market in China and that includes our licensed brands as well as Movado which we are currently focused on and Concord and Ebel, as well over the next several years.
Jeff Blaeser - Morgan Joseph
Licenses any thought for introducing new ones or still focus on developing other three?
Efraim Grinberg
We are focused on the great growth opportunities that we currently believe we have in our licensed brands and remember that three of them are basically only two years old with us, so and they have fantastic years and still have significant growth prospects ahead of them and so we’re really just focused on those opportunities today.
Operator
Our next question is coming from Jennifer Bennett - JMP Securities.
Jennifer Bennett - JMP Securities
Again on this weakness in the US, have you seen any slowdown started to trickle into international markets? Can you talk a little bit about the opportunities to expand the licensed brands abroad whether in existing markets or new markets?
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