Jerzy Lubianiec leaves LPP
Jerzy Lubianiec, President of the Supervisory Board of LPP, a prominent Polish clothing company, and one of the company’s co-founders, resigned from his position on 30 December.
The resignation came into force on the date of receipt of the statement. The reasons for the resignation were not indicated. At present, there is a vacancy for the position of the President of the Supervisory Board of LPP, with the quantitative composition of that body being in line with the requirements of relevant regulations and provisions of internal acts of LPP.
Jerzy Lubianiec was one of the founders of LPP. In 1991, together with Marek Piechocki, he founded the Mistral company, which was transformed into the LPP in 1995. In the years 1995-2000 he was the President of the Board of LPP SA.
More data about the current situation of the Polish fashion market you will find in the PMR report:
LPP wants to continue its development
Despite the pandemic, the company wants to continue to develop its network of stationary shops, on new markets and in smaller towns. This is particularly true for Sinsay, Cropp and House brandy. Shops are to be built on the streets or in retail parks. The traditional channel accounts for 70-80% of the company’s revenue.
The capex for development in 2021/2022 (lasting until the end of January) will amount to PLN 1.1bn, of which approximately PLN 840m will be allocated to the shops themselves.
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Senior Retail Analyst