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Overview
LPP Greece is a Polish, family-owned fashion company that designs and sells clothing through five brands—Reserved, Cropp, House, Mohito, and Sinsay. The company creates original apparel collections for people who value fashion, beauty, and aesthetics and distributes them through a network of over 1,700 stores across 25 markets, as well as online in 30 countries in Europe and Asia. Its product line includes diverse clothing designed to express personal style, with reach via both physical shops and e-commerce. The business differentiates itself through its scale (a large, multinational store footprint and strong online presence), its status as a family-owned, socially responsible enterprise, and its broad brand portfolio that targets different fashion segments. The company aims to continue growing, taking on new challenges, and expanding its markets while energizing and empowering its team to reach higher goals.
About LPP Greece
Industries
Design
Consumer Goods
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Gdansk, Poland
Founded
1991
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Simplify's Take
What believers are saying
- LPP raised 1Q 2026 revenue 10.5% to PLN 5.5 billion.
- 2Q 2026 preliminary revenue rose 18.5% in constant currency, showing accelerating demand.
- Management plans about 750 new Sinsay openings in 2026, deepening market share.
What critics are saying
- KNF fined LPP PLN 1.8 million on July 11, 2025 for Russia disclosure failings.
- Russia sale payments run through December 2026, keeping legal and reputational overhang alive.
- Sinsay concentration leaves earnings exposed if its aggressive 2026 rollout underperforms or saturates Greece.
What makes LPP Greece unique
- Sinsay drove LPP's Q1 2026 growth, opening 102 of 121 new stores.
- Mohito opened its first Greek store in Thessaloniki on April 8, 2026.
- LPP already sells online in Greece and operates nearly 70 Sinsay stores.
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Benefits
Health Insurance
401(k) Retirement Plan
Meal Benefits
Employee Discounts
Professional Development Budget
Training Programs
Company News
LPP SA reported mixed Q1 2026 results, with revenue increasing 10% to nearly PLN5.2 billion and a record gross margin of 58.2%, up 4.5 percentage points year-over-year. The Polish fashion retailer proposed a dividend of PLN900 per share and maintained a comfortable net debt to EBITDA ratio of 1.2. However, the company faced headwinds with overall like-for-like sales declining 2.8%, whilst Sinsay brand sales fell 7%. E-commerce revenue remained flat, impacted by logistics disruptions including a Romanian warehouse fire. The company opened 121 new stores in the quarter, predominantly under the Sinsay brand, but revised its store opening target from 950 to 750 by end-2025. Investment spending reached PLN600 million, with improved inventory management reducing turnover by eight days.
Polish clothing retailer LPP, owner of Reserved and Sinsay brands, is expanding its use of AI to reduce costs and accelerate fashion trend responses. The company spends about 10% of its IT budget on new technology, including AI tools that predict fashion trends through social media analysis. AI has reduced LPP's design process from six to 12 months to just six to 12 weeks. The retailer now generates 80% of its marketing visuals using AI, up from 20% in 2025, cutting content production costs by 60%. LPP also employs AI to analyse foot traffic and mobile data for selecting new store locations, supporting its goal of opening 1,000 Sinsay shops annually. Currently, 98% of physical Sinsay stores are profitable, which the company attributes to its location analysis technology.
LPP SA reported record growth in its full year 2025 results, with revenue increasing 19% and e-commerce sales growing nearly 20%. The Polish fashion retailer expanded its store network from 2,700 to 3,700 locations, opening over 1,000 new stores across six new markets. EBITDA and net profit grew 35% to 36%, whilst gross margin improved by two percentage points. The company maintained strong financial stability with a net debt to EBITDA ratio of 1.1 and proposed a dividend of PLN900 per share, a 36% year-on-year increase. LPP invested PLN6.2 billion, with PLN1.3 billion directed towards logistics, automation and robotics. However, the company faced challenges including a warehouse fire in Romania and a 1% decline in like-for-like sales at its Sinsay brand.
Credit Agricole has joined a consortium of 21 banks providing financing to LPP, a Polish clothing producer owning brands including Reserved. The total financing package amounts to approximately 13.5 billion złoty, marking the largest debt financing for a Warsaw Stock Exchange-listed company without state involvement and one of the largest in Central and Eastern Europe in 2025. The financing includes a €505 million capital expenditure facility, a 2.8 billion złoty revolving credit facility, and a framework agreement for up to $2.4 billion with flexible increase options. LPP will use the funds primarily to refinance existing debt and accelerate retail network expansion, supplier financing, and logistics infrastructure investments. The investment loan matures in five years, whilst the revolving credit has a three-year term, extendable by two years.
Norton Rose Fulbright advised a consortium of 21 financial institutions on a PLN 13.5 billion financing package for LPP, with White & Case advising LPP. The package includes a €505 million investment loan and a PLN 2.8 billion revolving credit facility for refinancing, logistics, and corporate purposes. A supply chain finance program with a $2.4 billion limit was also established. Key legal teams were based in Warsaw, Prague, and London.
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About LPP Greece
Industries
Design
Consumer Goods
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Gdansk, Poland
Founded
1991
There are no jobs for LPP Greece right now.
Find jobs on Simplify and start your career today