Our 16 territories around the world are managed by directors from the countries concerned. Either local or expatriated, they have very diverse backgrounds. Their shared qualities are perseverance and passion. These directors are assisted by a commercial, administrative, financial and transit team. Each subsidiary has its own offices and warehouse in order to provide regular stocks for the stores. The head office of Mercure International is in Monaco, where about one hundred people work, including its General Management, the logistics and purchasing departments. We look upon the head office as a support for our subsidiaries, from which we manage all of our operations.