LPP in expansive mood

Retail & leisure
POLAND LPP, the owner of the Reserved, House, Cropp, Mohito and Sinsay fashion chains, has announced its future plans to invest PLN 1.5 bln by 2020 in expanding all its brands both in Poland and abroad. The company also aims to make further improvements to the formats of its stores as well as their interior design.
Plans for expansion “Our strategy is to increase the number of stores in our chains by 10 pct a year. In 2018 we will open Reserved stores in Israel and Slovenia. We are also going to modernise the Reserved store in the Arkadia shopping centre, which is to be extended to 2,800 sqm,” revealed Marek Piechocki, the CEO of LPP, at a recent conference held by LPP in Gdańsk entitled ‘1 Store = PLN 15 mln for the Polish Economy’. This year LPP had a budget of PLN 0.35 bln for investment in the construction and modernisation of its stores. “LPP will have added 61,000 sqm of retail space in 60 locations for all our brands by the end of this year,” said Dorota Patej, the head of LPP’s investment department. According to the company, each store it opens creates around 300 jobs. In 2016, 3,500 people worked on the group’s new investment projects. These included people from 300 outsourcing companies, along with 100 construction teams from six gener
Already have an account? Log in
78% of content remaining
Unlock full access to the edition
PLN
EUR
EurobuildCEE magazine
Access to EurobuildCEE edition online & flipbook
Current edition
Annual subscription
You save 23% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
Most popular
EurobuildCEE magazine & online subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
  • Access to EurobuildCEE magazine edition online & flipbook version
  • Exclusive news, comments, articles and interviews with the most important market representatives and experts
  • Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
  • Eurojobs
  • Eurobuild FM

Categories

Your order
Your data
Number of access accounts
Each account provides independent access on one device. You will be able to create additional access accounts in the account settings.
Invoicing data
Order summary
Net price
Access accounts #
Net order
VAT (%)
Gross order
Payment security is ensured

Don`t miss out the current edition