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Apranga to expand in Latvia, Premium to open new stores in Lithuania
BC, Vilnius, 04.02.2016.
Print version
Print versionApranga Group, which has 25 upmarket fashion stores in the Baltic countries, this year does not plan an expansion of this segment in Lithuania, but it will expand in Latvia, the business daily Verslo Zinios reported on February 4th, informs LETA/BNS.
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Apranga Group CEO Rimantas Perveneckas told the paper that two stores of different brands would be opened in Riga.
Premium, a chain of seven fashion stores that is owned by Kaunas-based Sinvest Fashion, last year increased revenue by around 20% and is considering expansion.
The company wants to open a temporary outlet in the Baltic Sea resort of Palanga this summer. It also has plans to open new Premium stores, one in Vilnius and one in Kaunas, next year and is exploring possibilities for expanding to Siauliai and Panevezys.
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