Polish multi-brand fashion retail giant LPP is stalling any thoughts of expansion for its Reserved chain in Britain for now as the economy remains unclear, despite its Oxford Street store being its top performer.
“2017 was undoubtedly the best year in the company’s history.” That was how LPP started its annual report on Wednesday and there’s no denying that the owner of the Reserved and Sinsay chains is riding high at present.
Poland’s LPP has scored a hit with the UK debut of its Reserved chain in London it said as it unveiled strong Q3 numbers. It has returned to profit and plans further expansion, with its Sinsay brand also growing fast.
The long leasehold has been bought by Oxford & City Holdings in a deal understood to be around £55 million, while the unit’s next tenant will be Polish retailer LPP, who has signed a preliminary agreement for a 10-yea...