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Poland’s top fashion retailer LPP aims to double revenue by 2027

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4 days ago

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Reuters

Published



April 3, 2025

Poland’s biggest fashion retailer aims to double its revenue to 40 billion zlotys ($10.56 billion) by 2027, driven by the rapid expansion of budget brand Sinsay and its omnichannel strategy, it said on Thursday.

Reuters

“In three years we assume the company will be twice as big,” CEO Marek Piechocki said during a press conference.

Under LPP‘s new three year strategy through 2027, Sinsay is set to account for 75% of the group’s total sales, it said.

The Gdansk-based retailer aims to expand its store network to around 7,500 outlets by the end of 2027, with Sinsay stores making up around 6,000 of those, and to increase e-commerce sales to 10 billion zlotys in the same period.

“As in previous years, the company intends to consistently pursue its policy of sharing the profit generated with its shareholders,” LPP said, indicating plans to maintain its dividend payouts.
The management recommended a dividend of 660 zlotys per share to be paid for the 2024 financial year.

The company also aims to double its core earnings (EBITDA) by 2027, compared to last year’s 3.67 billion zlotys, while keeping its debt levels safe, it said.

LPP’s revenue rose by 20% to 20.19 billion zlotys in 2024.

 

© Thomson Reuters 2025 All rights reserved.



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Levi overlooks tariff-driven trade upheaval in unchanged outlook

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6 hours ago

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April 7, 2025

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By

Bloomberg

Published



April 7, 2025

Levi Strauss & Co. maintained a full-year outlook that excludes any impact from sweeping new US tariffs that are poised to significantly raise costs for multinational apparel companies.

DR

The San Francisco-based company said its guidance for fiscal 2025 “assumes no significant worsening” of macroeconomic pressure on consumers, supply-chain disruptions, increased tariffs or similar factors. Levi sees organic revenue growth, which excludes items such as currency impact and divestments, growing 3.5% to 4.5% this year.

Shares alternated between gains and losses in extended trading. Since President Donald Trump announced the tariffs on April 2, the stock has declined 19%.  

Chief Financial Officer Harmit Singh said in an interview it’s “difficult to forecast or plan at this stage” for the tariffs’ impact on consumers. He said the company is focused on its relationships with vendors and the cost base for its products. 

Chief Executive Officer Michelle Gass said the company is approaching the topic of tariffs with “urgency, but not being overly reactive.” 

Levi is one of the first retailers to report earnings after Trump unveiled sweeping tariffs last week. The company has previously said that its sourcing from China and Mexico to the US isn’t material.  

The company says it sources about 5% of its goods in the US from Mexico and 1% from China. 
 



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Balenciaga and Scholl launch footwear collaboration

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7 hours ago

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April 7, 2025

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Balenciaga has teamed up with Italian heritage brand Scholl to launch a footwear capsule collection.

Balenciaga and Scholl launch footwear collaboration. – Balenciaga x Scholl

The capsule merges the Parisian fashion house’s savoir-faire with Scholl’s expertise in comfortable orthopaedic footwear and insoles to introduce footwear with cork soles and footbeds, including heeled mules, booties, and boots, flat sandals and mules crafted from premium materials like Nappa sheepskin and calfskin. 

Notable design features include metal buckles inspired by Scholl’s original 1956 Pescura sandal and reimagined beechwood platform clogs with perforated uppers. The collaboration also introduces co-branded versions of Balenciaga’s iconic Pool Slide Sandals.

Debuting as part of Balenciaga’s Fall 2025 collection, the collaboration stems from creative director Demna’s vision “to create the most comfortable heels ever made, infusing the House’s distinctive silhouettes with Scholl’s unparalleled comfort.”

The collection is now available at select Balenciaga boutiques worldwide and online.

Last month, Balenciaga launched a Brand Ambassador Fanclub Series, featuring a lineup of global icons, including Isabelle Huppert, Kim Kardashian, Michelle Yeoh, Nicole Kidman, and PP Krit Amnuaydechkorn.

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Gente Beauty secures investment from Webster Capital

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7 hours ago

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April 7, 2025

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Brazilian body care brand Gente Beauty announced on Friday a significant investment from private equity firm Webster Capital. 

Gente Beauty secures investment from Webster Capital. – Gente Beauty

Gente Beauty is the first skin and body care brand to offer lymphatic-drainage products, recognizing the importance of treating your body with the same care as your face. Financial terms of the transaction were not disclosed.

“This partnership with Webster Capital is a game-changer for Gente Beauty. With their support, we can expand our reach and continue redefining body care through innovation and Brazilian beauty rituals,” said Marianne Fonseca, founder of Gente Beauty. 

“Our mission has always been to empower people to care for their bodies with intention, and this investment brings us one step closer to making self-lymphatic drainage an essential part of everyday wellness.”

As part of the investment, Webster Capital, known for its strategic focus on consumer-packaged goods, direct-to-consumer e-commerce, and retail expansion, will bring its institutional knowledge and operational support to help scale the brand. 

Tony Olson, founder of Webster Capital, brings a wealth of experience to the partnership. Previously, he served as CEO of Spins for over two decades, transforming it into a leading provider of market insights for the natural, organic, and wellness sectors.

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