Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

LPP is a Polish clothing manufacturer that designs, manufactures and distributes clothing.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Revenue(RF), mln.USD
698
Assets(RF), mln.USD
700
Capital(RF), mln.USD
115
Glob.Revenue, mln.USD
2700
Shops
59
Staff(RF), 2021
829

The head office of the Polish LPP SA (manages the clothing brands Reserved, Cropp, House, 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. In St. Petersburg, the LPP group had 59 stores. The Sinsay brand had the most stores - 20, Cropp - 13, Reserved - 10, House and Mohito - 8 each.

The Company Statement
May 21, 2023

Left Russia. 30.06.2022: Pilyugina Anna Alexandrovna becomes the new founder of the organization. The record about the founder COMPANY JOINT STOCK COMPANY LPP has been deleted. COMPANY "FAR EAST SERVICES-FZKO" becomes the new founder of the organization. The new owner of "RE Trading" LLC — the Russian division of the Polish retailer LPP — is the UAE-registered company "Farist Services-Fzco". The record of this in the register is dated June 30. Could be internal transfer deal as LPP continues to operate in Russia and monitors sales under the name "RE" (LLC "RE Trading", tax id: 7725776121). The company keeps delaying finishing the operations in full. Stores and purchases are still controlled by the central in Poland.

July 19, 2022Poland's LPP sells its Russian company to a Chinese consortium
May 20, 2022Stores Reserved, Cropp and Sinsay are preparing to restart
May 04, 2022Polish retailer transferred business in Russia to a company from the UAE
April 28, 2022Top Polish Clothier LPP Starts Talks to Sell Russian Operations
April 28, 2022CR 17/2022 Statement of the Management Board of LPP regarding further operations in Russia
March 29, 2022LPP has closed all stores in Russia
March 29, 2022LPP has closed all stores in Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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