From a current Reserved lookbook
17 Apr. 2014
Reserved enters new markets and hires German CEO
Polish fashion enterprise LPP S.A., one of the fastest developing fashion retail chains in the world and creator of the fashion brands Reserved, Cropp, Sinsay, House and Mohito, has released massive expansion plans for the running year.
In 2014, LPP wants to bring Reserved to Germany, Croatia and the United Arabic Emirates. In June, Reserved will launch its German online shop followed by first store openings in Stuttgart, Bremen and Recklinghausen. Around 20 German Reserved stores shall be opened during 2014 and 2015, accompanied by further flagship store openings in European metropolises such as Paris, London or Milan.
New CEO of the Reserved GmbH: Martin Kanngießer
Previously, Kanngießer has held positions at various international retail chains such as Orsay, Pimkie and Xanaka, where he took care of expanding within the Eastern European market. He then started with real estate company ECE Projektmanagement G.m.b.H & Co KG., Europe’s leading shopping center developer.
In his new role as CEO of Reserved GmbH, Kanngießer will be responsible for further developing the German market for Reserved. He reports directly to Marek Piechocki, CEO of the LLP Group.
LPP S.A. currently runs more than 1.600 stores with its five brand concepts Reserved, Mohito, Cropp, House and Sinsay. In 2013, LPP sold more than 70 million garments with sales figures passing one billion Euros. The enterprise is listed on the stock exchange since 2001. It currently has a market value of four billion Euros.
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