Apranga Group will open 5-8 new stores during 2011, and 5-7 stores will be totally reconstructed.
There is also opening of two new brand name stores in Lithuania and the Baltic States in plans of Apranga Group in 2011.
Apranga Group opens 3 new stores during last week of February 2011: “Promod“ in shopping centre „Mega“ in Kaunas, “Promod“ in shopping centre „Akropolis“ in Klaipeda, and „City“ in shopping centre „Spice“ in Riga.
Currently, Apranga Group operates the chain of 115 stores in Baltic States: 74 in Lithuania, 31 in Latvia, and 10 in Estonia.
Apranga Group represents more than 40 best-known trademarks of European apparel manufacturers and works under franchise agreements with Zara, Hugo Boss, Emporio Armani, Max Mara, Ermenegildo Zegna, Mango, Promod, Bershka, Pull and Bear, Stradivarius, Mexx, s.Oliver.
The unaudited consolidated interim financial statements for 12 months 2010 Apranga Group is planning to announce on 25th February 2011.
Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
Rimantas Perveneckas
Apranga Group Director General
+370 5 2390801
