LPP opened two Sinsay brand stores in Italy in Marcon and in Greece – in Heraklion, the company announced. The company upheld the plan to open Sinsay stores in i.a. in Milan, Thessaloniki, Athens this year.
“The stable market position of our company is due to all five LPP brands and thanks to the results achieved by them, we can look for further development opportunities. The currently implemented foreign expansion strategy is based on two strong pillars – the flagship brand Reserved and Sinsay, which show the greatest potential for growth in omnichannel terms. (…),” said Przemysław Lutkiewicz, Vice President of LPP, quoted in the release.
Opened on January 27 this year. Sinsay’s stationary store in Heraklion, Greece, has an area of over 1,000 sqm. m2. The first Italian Sinsay stationary store has over 1.4 thousand sq.m. m2 of space in Marcon, in the province of Venice, is also reported.
Sinsay debuted on the market in 2013 by opening the first showrooms in the largest cities in Poland. In the same year, foreign expansion began, opening brick-and-mortar stores in the Czech Republic and Lithuania. After 10 years, Sinsay has become the second pillar of LPP next to Reserved.
LPP manages the Reserved, Cropp, House, Mohito and Sinsay fashion brands. The company has been listed on the Warsaw Stock Exchange since 2001.