LPP S.A. is a Polish company whose field of activity concerns designing and distribution of clothing. LPP currently owns 5 clothing brands. The company’s headquarters is located in GdaÅ„sk, including designing resources for all its brands has registered a 28 percent rise in revenue for 2013 compared with the previous year.
It currently has about 700 stores in Poland and over 300 abroad, fronted by its various brands, with the majority of LPP’s clothing made in China and India.
Its brands include Reserved, Cropp and House, finished the year with a revenue of 4.1 billion zloty (982.4 million euro), and a net profit of 430.9 million zloty (103.2 million euro).
The company in its fourth quarter confirmed a 25 percent rise in net profit for 2013.
Although figures proved rosy for LPP in 2013, the last 12 months have not been without controversy for the company. LPP drew criticism for delaying the signing of a safety agreement in the wake of a Bangladesh factory collapse that killed over 1000 people. Clothes for LPP brands such as Cropp had been made at the site.
Some 31 international brands signed the agreement in May, straight after the accident, but it was not until five months later, after much negative publicity, that LPP signed the accord.
A campaign for a boycott of LPP clothing was launched on Facebook in January 2014 after it became apparent that it was -re-registering several of its brands abroad in Cyprus and the United Arab Emirates, in order to pay less tax.
In 2014, the company aims to launch its first shops in Germany and Croatia.
Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…
Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…
Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…
Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.
Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…
Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…