On 6, December 2017 Marek Piechocki, LPP President, officially joined the group of ordinary members of the FBN Poland association gathering dynamically developing family businesses. The superior idea of this organisation is to build an entrepreneurial spirit and support businesspersons who develop their businesses with the future generations in mind while cherishing ethics and family values.
LPP has long clearly defined itself as a socially responsible Polish family company for which sustainable development based on ethics, good practices, and above all mutual support are paramount values. Usually, family businesses are perceived in the world as the strongest links in the economy providing development and durability for generations. It is no different in the case of the Gdańsk company – the clothing industry leader in Poland.
We think of LPP as a family business because I want my children to support me in the future in the company’s development. One of my sons is acquiring experience at Reserved, the second sits on the Supervisory Board. We created the company from scratch with Jerzy Lubianiec, a friend from student times, and we are developing it till this very day applying this formula. Our success is possible thanks to our family capital and our determination to remain the company’s majority shareholders. For us, the most important issue is the welfare of the company and of the people working in it – not short-term profits, says Marek Piechocki, President of LPP.
As reality has shown, this approach to business pays off. Today, LPP is one of the 20 largest joint-stock companies listed on the Warsaw Stock Exchange. It employs 25,000 people. Its products are present in 20 countries around the world. LPP has also recently been awarded in the International Champion competition in the “Exporter – Large Enterprise” category.
Joining the Family Business Network (FBN Poland) alongside such flagship Polish companies as: Solaris, Ochnik or Yes Jewelery is the crowning of the efforts and the consistency of the LPP creators.
I am glad that our idea of business from years ago has developed into today’s well-functioning clothing company rooted in our country. We can create jobs for highly qualified specialists, devise interesting products that find their recipients around the world. We do this for ourselves, but also for young people who gain experience in our company. I am all the more happy that we have joined the FBN Poland association which is close to the idea of establishing business for the generations to come, adds Marek Piechocki.
LPP SA is one of the most dynamically developing clothing companies in Central and Eastern Europe. The company has been consistently pursuing its business both at home and abroad for 26 years, successfully operating on the demanding apparel market. LPP SA manages 5 fashion brands: Reserved, Cropp, House, Mohito and Sinsay. The company has developed a network of nearly 1700 retail stores and on-line stores of all its brands and created 25,000 jobs in offices and sales structures in Poland, Europe, Asia and Africa. LPP SA is listed on the Warsaw Stock Exchange within the WIG20 index and is a part of the prestigious MSCI Poland index.