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LPP posts revenues and profit growth in H1
LPP, a Polish, family-owned company, having five own brands: Sinsay, Reserved, Cropp, House and Mohito, achieved revenues of 9.3 billion Polish zlotys, up by 13.3 percent or by 18.6 percent in constant currency in the first six month period. LPP expects revenue in 2024 to range between 20 to 21 billion Polish zlotys and the gross sales margin of...
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LPP records Q1 sales growth, reveals positive outlook
Polish apparel maker LPP Group, owner of brands Sinsay, Reserved, Cropp, House and Mohito achieved revenues of 4.3 billion Polish zloty, up 18.3 percent or 25.5 percent in constant currencies. The company said in a statement that a higher revenue was generated due to the growth of sales in both online and traditional channels. The company also...
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LPP expands used clothing donation scheme
Polish clothing company LPP, which operates brands including Reserve, is expanding its used clothing collection programme to foreign markets. LPP began accepting donated used clothes from any brand in 2018. Initially, only selected Reserved showrooms were part of the scheme and was gradually expanded to cover further brands and locations in...
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Reserved partners with London College of Fashion
Polish fashion retailer Reserved, which opened its debut UK store in London last year, has announced a partnership with the London College of Fashion to develop and invest in emerging designers. The retailer sponsored the London College of Fashion’s BA 2018 graduate show, as part of LPP’s “broader commitment to nurturing diverse design talent”...
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LPP lays out sales target for Reserved’s London flagship store
LPP, the parent company of Polish fast-fashion label Reserved has laid out an ambitious sales target for its UK flagship store. The company aims to generate PLN 100 million (21.2 million pounds) in sales over the next five years from its Reserved Oxford Street store, as the fast-fashion retailer continues to expand across Europe. The debut...
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LPP to open 50 new stores in Russia
Leading Polish retail group LPP is expanding its presence across Europe. Owner of contemporary fashion brands Reserved, which recently opened its first flagship store in London, Cropp, House, Mohito and Sinsay, the company has set its sights on actively developing in Russia in particular. LPP aims to open 50 new stores in Russia in 2018, as it...
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Polish fashion retailer Reserved hires real estate consultants for UK expansion
Its “huge success” with their first large-format store on London’s Oxford Street has boosted Reserved’s confidence on its international expansion plans. The Polish fashion retailer has hired property advisors Harper Dennis Hobbs to advise them on further expansion in the UK, reported ‘Property Week’. “From a real estate point of view it is...
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Timeline: The Rise of Polish fashion retailer Reserved
Polish fashion retailer Reserved is set to open its first flagship store in the heart of London at 11 am today, as the brand aims to expand across Europe. Located at 525 Oxford Street, the fast-fashion retailer may not be a household name in the UK yet, but its Autumn-Winter '17 campaign, starring British top model Kate Moss, will have...
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Polish retailer Reserved opens UK flagship
Polish fashion retail group LPP has entered the UK market with the opening of its flagship brand, Reserved, with a store on Oxford Street in London. Located within the former BHS unit at 252 Oxford Street, Reserved have opened a 32,000 square foot store, offering its trend-led affordable fashion for women, men and children. The opening, which...
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Reserved confirms UK opening date
Polish retailer Reserved has confirmed that it is opening its debut UK store on Oxford Street in London on September 6. The 2,300 square foot flagship store will offer the brand’s trend-led affordable fashion for women, men and children within the former BHS unit at 252 Oxford Street, London. Commenting on the UK launch of Reserved, co-founder...
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BHS sells Oxford Street lease to Oxford & City Holdings
Struggling British department store group, BHS has sold the lease for its flagship store on Oxford Street to Oxford & City Holdings, in a deal valued at 55 million pounds, according to Estates Gazatte. News of the sale comes as Polish high-street heavyweight Lubianiec Piechocki Partnerzy (LLP) prepares to move into the unit, as the group signed...
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