“The shopping and entertainment centre Akropolis to be inaugurated in Kaunas
has raised the level for all Lithuanian shopping centres rather high in terms
of both the choice of location, the interior and the variety and class of brand
names that are concentrated there,” says Rimantas Perveneckas, the General
Director of APRANGA Group.
With the opening of 9 stores in Kaunas, APRANGA Group will expand its chain of
stores in Kaunas almost two times - up to 16. The rearrangements of APRANGA
Group stores on Laisvės Ave. are also due to the opening of Akropolis. On April
5, the store Mados Linija, which introduced the worldwide famous luxurious
brand names like D&G, GF Ferre, Armani Jeans, Just Cavalli, Versace Jeans, 7
for all man kind, Dirk Bikkenbergs, was launched on Laisvės Ave. At the end of
April, a new store City Woman will be opened on Laisvės Ave. too. Last autumn,
a store for men and women Hugo Boss was launched on Laisvės Ave., which means
that after the reconstructions Laisvės Avenue will become an attractive zone of
luxury stores.
APRANGA Group operates a chain of 75 stores in the Baltic States: 54 in
Lithuania, 18 in Latvia, 3 in Estonia. This year APRANGA Group has already
launched 14 new stores. In 1Q 2007, APRANGA Group's turnover amounted to LTL
91.8 million (EUR 26.6 million) and was 58.6 % larger as compared to the same
period in 2006 (LTL 57.9 million or EUR 16.8 million). The turnover of the
APRANGA Group retail chain exceeded the expected volumes by almost as much as
LTL 10 million (EUR 2.9 million).
The company is owned by the MG Baltic concern.
