LPP plans further Israeli expansion

WSE-listed fashion retailer LPP plans to open its second Reserved store in Israel in H1 2019, furthermore, it mulls opening a Sinsay brand store there as well. The company ultimately wants all its brands to debut on the Israeli market and together with its franchise partner H&O, is currently holding talks with local developers. “The opening of our Reserved outlet in Tel Aviv strengthens our position in this region. This is the next stage of our strategy of international expansion. We assume that our turnover will grow by at least 15 percent globally. Without such new markets, such dynamics would not be possible,” said Sławomir Łoboda, vice-president of LPP. The company plans to enter at least one new market per year.