During next three weeks 2 PROMOD stores in Estonia, 3 stores in Lithuania and 3
stores in Latvia will be re-opened.
To this day one of the most successful vertically integrated French company
PROMOD has 806 stores in 46 countries. The company's annual revenues is about
LTL 2 milliard (EUR 0.6 milliard).
Apranga Group, which has taken over the chain of PROMOD stores from the Latvian
company Fashion Retail SIA, will further strengthen the managed list of brands,
and 4-5% increase in total revenues.
Apranga Group is among the largest retail trade companies in the Baltic States.
Apranga Group represents 40 best-known trademarks of European apparel
manufacturers and works under franchise agreements with Zara, Hugo Boss,
Emporio Armani, Ermenegildo Zegna, Max Mara, Mango, Bershka, Pull and Bear,
Mexx, Stradivarius, s.Oliver. Currently, Apranga Group manages 107 stores: 71
in Lithuania, 28 in Latvia and 8 in Estonia.
Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock
Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
Saulius Bačauskas
Apranga Group CFO
+370 5 2390843
