LPP plans to open the first Sinsay stores in Greece and Italy in December 2022

LPP plans to open the first few stores of its brand from the "value for money" segment - Sinsay in Greece and Italy in December this year. and estimates that in the perspective of approx. 3 years, it could open at least 100 outlets on each of these markets, said Przemysław Lutkiewicz, vice president of LPP.

“We are talking to landlords in these countries about openings, we already have several pre-agreed premises. The aim is for the first stores to open, mainly in Greece and Italy, in December this year. From today's perspective, this seems to be the way to go. Several stores, 2-5, should be in both countries, that is Greece and Italy, ”Lutkiewicz said during a press videoconference.

In the first quarter of the financial year (February-April 2022), sales of the Sinsay brand increased by 62.7% y / y to PLN 1,203.3 million, with sales abroad higher than in Poland, the company said in the results presentation.

LPP also upheld its plan to open a total of over 400 new Sinsay stores this year.

LPP manages the fashion brands Reserved, Cropp, House, Mohito and Sinsay. The company has been listed on the Warsaw Stock Exchange since 2001.

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