Clothing giant LPP revenues sky rocket

LPP, the owner of the popular labels Reserved, Cropp and Mohito generated increased revenues in October. The growth was driven partly by increased internet sales, which grew by 180 percent year-on-year. Overall, consolidated revenues, which totalled PLN 614 million, increased by 24 percent during October in comparison to the same month in 2015. The company, which also increased its square metric footage of retail space last month,  manages a chain of 1,500 stores and employs 18,000 people in Central and Eastern European countries as well as in Shanghai, China. It faced challenges last year as its clothing brands debuted in Germany, Croatia and the Middle East.