“2017 was undoubtedly the best year in the company’s history.” That was how LPP started its annual report on Wednesday and there’s no denying that the owner of the Reserved and Sinsay chains is riding high at present.
Poland’s LPP has scored a hit with the UK debut of its Reserved chain in London it said as it unveiled strong Q3 numbers. It has returned to profit and plans further expansion, with its Sinsay brand also growing fast.
London’s West End has continued to see major brand investment this year despite the volatile UK economy and shaky footfall in the Greater London area generally. 2017 store debuts have already beaten last year's total.
Retailers in London’s West End are predicted to take over £50 million a day in the six weeks to Christmas but till receipts should rise only 1.5% overall. There will be a tourist boost, but not as large as last year's.
Kate Moss will help add to the buzz around Decorté’s UK debut in Selfridges during November having been the global face and brand ambassador for the Kosé-owned prestige skincare and make-up brand for the past two years.