APG: Apranga Group opens the first Sandro and Maje stores in the Baltic States
OREANDA-NEWS. On March 24th, Apranga Group opens the first Sandro and Maje stores in the Baltic States. The stores are open in the shopping centre Spice in Riga and will cover 169 sq. m. and 113 sq. m. area respectively. Sandro is affordable luxury brand name for urban women and man who hone a non-conformist, but always chic look in Parisian mood. Brand name Maje spirit is exclusively feminine, bold and glamorous.
The stores are opened under franchising contract with French company SMCP, established since 1984. SMCP group develops three on-trend affordable luxury brands Sandro, Maje and Claudie Pierlot. By the end of 2015 Group managed 1118 stores in 33 countries. Net sales of the group totalled to EUR 675 million in 2015.
The leading fashion retailer in Lithuania and Baltic States Apranga Group operates the chain of 175 stores: 103 in Lithuania, 46 in Latvia, 26 in Estonia. Shares of Apranga are listed on Baltic equity list on Nasdaq Vilnius Stock Exchange. Majority shareholder of Apranga Group is concern MG Baltic.
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