LPP to spend PLN 200 a year on R&D

Fashion retailer LPP wants to hire over 1,000 employees and spend nearly PLN 200 million a year on R&D, the company stated. “We want to have 2,000 people working on a variety of R&D project by the end of 2018,” said LPP’s CEO Marek Piechocki. The company also wants to allocate PLN 1.5 billion by 2020 to expanding its sales network in Poland and abroad. In 2016, the company exported PLN 3 billion worth of products, mainly under the Reserved brand. Currently LPP has 1,710 stores in 20 countries.