LPP has completed operational activities necessary to close its showrooms in Russia and today the last one has been closed, the company said.
Thus, in accordance with the earlier declaration, from tomorrow all stores of LPP brands on the Russian market will be closed. Earlier, the company completely stopped transporting goods to Russia, as well as all investments and development plans, and closed online sales of all its brands, the company annouced.
On March 4, the company announced that, taking into account the restrictions imposed on Russia by the EU, it decided to suspend operating activities in Russia, including in particular: stopping the development of LPP brands in Russia and stopping the delivery of commercial goods to Russia.
LPP manages the fashion brands Reserved, Cropp, House, Mohito and Sinsay. The company has been listed on the Warsaw Stock Exchange since 2001.
Source: LPP and ISBnews
