The owner of the Reserved, Cropp, House, Mohito and Sinsay brands decided to sell the Russian business to a consortium from China. This is with reference to the decision of the Polish retailer and clothing manufacturer LPP SA writes “Interfaxon Thursday, May 19th.
The company said that the agreement would not include the rights to use LPP trademarks and brands, but the new owner of the business would be able to sell all products from the warehouses of the Russian divisions. The Moscow office of the organization clarified that the opening of the first stores is planned for the coming weekend.
