Polish brand Sinsay plans to open 5 new stores in Ukraine

MOSCOW. Aug 15 (Interfax) - The Polish fashion brand Sinsay, which is owned by the large retail group LPP, plans to open five new stores in Ukraine by the end of summer.

A store in Tyachev in the Transcarpathian region is scheduled to open on August 19, in Yuzhnoukrainsk in the Nikolayev region on August 22, and in Krivoi Rog, Zhitomir and Poltava on August 23, Ukrainian media reported, citing the retailer's website.

As reported, the Polish group LPP, which owns Reserved, Sinsay and other brands, plans to double the number of its stores globally in the next three years.

Over 140 stores of the group have been opened in Ukraine.

The group's sales rose 9.3% to 17.41 billion zlotys, while its net profit grew 85.5% to 1.61 billion zlotys in 2023.