LPP.WSE - stevehemingway/trading GitHub Wiki

theworks(fraud,hindenberg,{(WSE:LPP)

LPP S.A. is an $8.4 billion fashion retailer based in Poland that lays claim to being the largest fashion company in Central and Eastern Europe. Until Russia invaded Ukraine in February 2022, Russia was LPP’s biggest international market, generating ~19.2% of revenue from 553 stores. LPP had major expansion plans for Russia according to company disclosures and a former executive who told us: “[LPP] had plans to open hundreds of more stores [in Russia] … that was the biggest market that we wanted to grow”. Russia’s invasion of Ukraine in February 2022 triggered a mass exodus of foreign companies from Russia. This resulted in a 46.6% drop in LPP’s share price as investors feared the loss of key growth prospects.},LPP,retail,{https://hindenburgresearch.com/lpp/})