Locked content LPP brands back to Poland

WSE-listed Polish clothing company LPP is going to acquire its subsidiary Gothas based in Cyprus which owns LPP’s trademarks. The long-term aim of the merger is the restructurization within the group and simplification of capital structure of the group in order to optimize costs, LPP informed....

Locked content LPP with net loss in Q1

Fashion retailer LPP recorded a consolidated net loss of PLN 37.32 million in Q1 2015, compared with a PLN 14.92 million loss in Q1 2014. The company’s operating profit amounted to PLN 23.7 million in Q1 2015, while in the same period last year it stood at PLN 48.42 million. Sales revenues sto...

Locked content LPP records PLN 480 mln net profits

Consolidated net profits of LPP stood at PLN 479.55 million in 2014, whereas the figure totaled PLN 430.96 million a year before, the WSE-listed fashion retailer informed. In the previous quarterly report, the firm estimated its last year’s net profits to amount to PLN 479.77 million. Operatio...

Locked content LPP revenues up to PLN 377 million in March

Fashion retailer LPP reported consolidated revenues of PLN 377 million in March, an increase of six percent year-on-year, the company announced on Wednesday. “The estimated gross mark-up amounted to 57 percent and was higher by six percent than the mark-up reached in March 2014,” a press...

Locked content LPP will open up to 200 stores in 2015

Polish fashion retailer, LPP is going to open around 200 stores in Poland and abroad this year. Due to the expansion, the company will employ a few thousands of people, the press reported. As the Ukrainian crisis has impacted the firm last year, LPP will expand its business mainly in the EU and the ...

Locked content LPP to launch new clothing brand

Polish fashion retailer LPP is planning to launch a new clothing brand in Q1 2016, Przemysław Lutkiewicz, CEO of the company announced during a press conference. “We are working hard to launch our sixth brand in Q1 2016. The outlets will be opened in major cities. The brand is aimed at more affluent...

Reserved shop opened in Cairo

Polish retailing company LPP opened a clothes shop of its Reserved brand in Egypt and is going to open more shops in the Middle East in the next five years, according to the press release.

Locked content LPP income surge

WSE-listed GK LPP SA has announced that the consolidated sales revenue in January 2015 stood at some PLN 341 million, an increase by 7 percent year-on-year. “The estimated gross margin was at 49 percent and was at the same level as in January 2014,” the press release informed. LPP is a Gdańsk-based ...

Reserved hires famous footballer’s son

Brooklyn Beckham, the 15 year-old son of David and Victoria Beckham, will make his debut as a model promoting the Polish fashion brand Reserved, owned by WSE-listed LPP. He will be the poster boy for the ‘Volcano Explosion’ collection, which, according to Harper’s Bazaar, “co...

Locked content New deputy CEO at LPP

The supervisory board of clothing firm LPP has named Przemysław Lutkiewicz as the company’s deputy CEO and financial director, the company said on Wednesday. He will assume his duties as of January 1, 2015. He will replace Dariusz Pachla, who resigned earlier this month. Lutkiewicz has been employed...