Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
House is a clothing brand and retailer chain, owned by the LPP. Its headquarters are located in Gdańsk, Poland. In 2021, company owed 322 stores, including 170 stores in Poland, and 141 in other countries across Europe.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackThe head office of the Polish LPP SA (manages the clothing brands Reserved, Cropp, House Brand, Mohito and Sinsay) announced the sale of its business in Russia to a Chinese consortium. “As part of the deal, the buyer does not receive the right to use trademarks and brands owned by LPP SA, but will have the right to sell all goods owned by the Russian division of the company,” the company said in a statement.
| June 20, 2022 | Stores Reserved, Cropp, House Brand and Sinsay are preparing to restart. The network has a Chinese owner |