Home / Knowledge / News / Apparel/Garments / Apranga plans to double investments in apparel retail
Apranga plans to double investments in apparel retail
03
Jan '12
The leader of retail apparel market in Lithuania and the Baltic States Apranga Group plans to reach LTL 461,8 million (EUR 133,7 million) retail chain turnover (including VAT) in 2012, or by 7.6% more, than in 2011.

Apranga Group plans to double investments into development and renovation of the chain in 2012. The Group will open 9-11 new stores during 2012, and 8 stores will be totally reconstructed.

The retail turnover (including VAT) of Apranga Group has made LTL 429.2 million (EUR 124.3 million) in 2011, and has increased by 13.1% comparing to 2010. The Group has exceeded the planned year 2011 turnover (LTL 420.0 million or EUR 121.6 million) by 2.2%.

During the year 2011 Apranga Group opened 9 and totally reconstructed 5 stores. Total investments into development of the chain exceeded LTL 6.5 million (EUR 1.9 million) in 2011.

Currently Apranga Group operates the chain of 121 stores.

Shares of Apranga are listed on Baltic equity list on NASDAQ OMX Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.

Apranga Group is a distinct leader of clothing retail in the Baltic States. At the beginning of 2003, the company started its activity in Latvia. In 2004 company expanded to Estonia. Currently, the Group operates a chain of 116 stores in the Baltic States: 75 – in Lithuania, 31 – in Latvia, and 10 – in Estonia.

Apranga Group

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search