Polish fashion brand Reserved, the flagship of LLP Group, who made a grand UK debut last month has appointed Harper Dennis Hobbs (HDH) to advise on its UK expansion plans.
Reserved opened a 32,000 sq. ft. flagship store at 252/258 Oxford Street in September and is looking to build the brand presence considerably outside Eastern Europe. Reserved, fronted by Kate Moss, is on the lookout for large format stores in key UK retail locations.
Dan Hildyard, head of UK agency at HDH commented: “Early indications show the launch of the new store was a huge success; from a real estate point of view it is refreshing to see an established fast fashion brand with substantial backing entering the UK in such a high profile spot. Equally, from a consumer point of view I think the coverage they have had has exceeded that of recent entrants – with the autumn campaign featuring Kate Moss bringing Reserved’s identity to life in a way that has appealed to British consumers.”
Reserved already has 450 stores across 18 countries and is popular due to its trend- conscious, affordable collections, which are refreshed every two weeks. Reserved is also launching in Serbia, Belarus and Kazakhstan this year and has plans to accelerate its development in Russia and the Ukraine. The brand has 16 stores in Germany.
UK Retail Operations Manager, Corinne Facey stresses that Reserved is using the Oxford Street store to better understand the UK market before expanding further. “We really want to dive into the London customer and tackle the British market from there” she says.
Krzysztof Bocianowski, Head of Real Estate for all the LPP brands said,“This will be a carefully considered expansion plan throughout 2018 and beyond with focus on key large cities and regional shopping centres. Reserved is adopting a cautious approach and will only select the super prime locations on the best possible terms. We have the ability to move quickly but are under no pressure from the board, the deal has to be right”
The expansion plans will be led by the success of the bricks and mortar in conjunction with the brand’s UK e-tail site which went live the same time as the store launch.
Reserved is LPP’s most mainstream brand bringing in around half of its annual sales, making it the ideal test brand for the company. LPP’s other brands, Mohito, Sinsay, Cropp and House are likely to follow the expansion of Reserved.
Polish fashion brand Reserved, the flagship of LLP Group, who made a grand UK debut last month has appointed Harper Dennis Hobbs (HDH) to advise on its …Read more