Reserved to open outlet on Oxford Street

Polish fashion giant LLP has signed a preliminary agreement to lease retail space in Oxford Street, London, for some PLN 675 million for 25 years, the Polish Press Agency (PAP) informed. LPP intends to open a Reserved store at the location.  The deal is subject to approval by the owner of the building, LPP said. The company's revenues totaled PLN 2.3 billion in the first half of 2015, PLN 820 million of which were recorded on foreign markets. Currently, LPP operates on 16 markets, including the Czech Republic, Russia, Ukraine, Rumania, Croatia and Germany.