Owner of Reserved, Cropp closes stores in Russia

MOSCOW. March 30 (Interfax) - Polish retailer and clothing manufacturer LPP Group, which owns the Reserved, Cropp, House, Mohito and Sinsay brands, has closed its stores in Russia.

The "company has completed operational activities necessary to close the stores in Russia and today has closed the last one," LPP said on Wednesday.

LPP earlier completely suspended the transport of goods to Russia, as well as all investments and development plans and stopped online sales of all its brands.

LPP is a family-owned company with a chain of more than 2,000 stores.