LPP ranks second among Poland’s private companies in the Forbes ranking
LPP has taken second place in the latest edition of the prestigious Forbes ranking of the 100 largest private companies in Poland. The result once again confirms the company’s strong position among Poland’s business leaders and demonstrates that Polish brands are increasingly able to compete successfully with some of the largest players in Europe.
The ranking includes the country’s largest privately owned enterprises and confirms the growing strength of Polish companies compared with their European counterparts. In this year’s edition, the combined value of the hundred largest companies has exceeded PLN 580 billion – more than PLN 100 billion higher than in the previous year. Growth is evident not only among market leaders but also among mid-ranked companies, highlighting the dynamic development of Polish business. LPP was ranked just behind the Dino retail chain and ahead of InPost, strengthening its position among the top players in Poland’s private sector.
Forbes estimates the company’s value at around PLN 38 billion, placing it among Europe’s largest fashion groups and close to brands such as H&M and Marks & Spencer. LPP’s growing value is the result of a consistently implemented growth strategy – from expansion into new European markets and investment in innovative technologies to activities in the field of sustainable fashion.
– Achieving such a high position in this prestigious ranking is a great honour for us and a motivation to keep moving forward. For years, we have been proving that a Polish company can successfully build global brands while maintaining a responsible approach to business. Our ambition extends beyond economic growth: we also want to inspire change within the fashion industry. We believe that innovation and sustainability form the foundation of fashion’s future – comments Marcin Bójko, Vice President of the LPP Management Board.
The ranking features the one hundred largest privately owned Polish companies in which a majority stake is held by Polish entrepreneurs or domestic investor groups. Positions in the list are determined by enterprise value (EV). For companies listed on the Warsaw Stock Exchange, valuations were based on market capitalisation as of 30 September of this year, adjusted for net debt. For non-listed firms, values were estimated using earnings-based multiples, together with data from recent financing rounds or M&A transactions. The ranking was compiled using the expertise of investment banks and independent analysts.
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LPP is a Polish, family-owned company, and one of the fastest growing in the fashion industry in the Central European region. For 30 years now, it has been successfully designing and selling its collections and accessories, both at home and abroad. LPP manages 5 fashion brands: Reserved, Cropp, House, Mohito and Sinsay, with their product ranges now available for sale in stores and online in 44 markets worldwide. The company has nearly 3,200 stores, with a total area of more than 2.6 million m2, distributing products to 3 continents every year. LPP also has a vital role in creating jobs for more than 54,000 people in offices and retail structures in Poland, and elsewhere in Europe, Asia and Africa. The company is listed on the Warsaw Stock Exchange under the WIG20 index and belongs to the prestigious MSCI Poland Index.