LPP to expand abroad

Clothing retailer LPP, owner of such brands as Mohito, Reserved and CROPP, wants to continue its international expansion. "Right now 60 percent of our revenue comes from the Polish market. I think we need two years, so in 2017 or 2018 majority of our sales will take place abroad," said Przemysław Lutkiewicz, company's deputy CEO. LPP wants to keep its focus on German and middle eastern markets. The LPP revenue equalled to PLN 2.3 billion in the first half of 2015, of which PLN 820 million revenue comes from foreign markets. Right now the company operates on 16 markets, including the Czech Republic, Russia, Ukraine, Rumania, Croatia and Germany.