Published 2 months ago

Polish clothing giant LPP sees share price collapse after report alleging "sham" exit from Russia

Summary by Ground News

Poland's biggest clothing company LPP has seen its shares nosedive on Friday. US investment research firm Hindenburg Research published a report alleging LPP maintained its operations in Russia despite pledging to leave. The company has lost about 11 billion zloty (�2.5 billion) in market capitalisation and ended the day with an almost 36% drop in share prices. LPP denounced the accusations, saying the report was part of an 'organised disinformation attack' to drive down its share price.

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Business Insider (Poland)

Stumbling on LPP shares. Polish company loses by merging it with Russian business

Polish clothing giant LPP is experiencing difficult times on the stock exchange on Friday. The company's shares fell by more than 20 percent. This is the result of the Hindenburg Research report. The company issued a statement on the matter.

2 months ago

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Notes from Poland

Polish clothing giant LPP sees share price collapse after report alleging "sham" exit from Russia

Poland’s biggest clothing company LPP, owner of brands such as Reserved, Cropp and Mohito, has seen its shares nosedive on Friday after a US investment research firm published a report alleging LPP has secretly maintained its operations in Russia despite pledging to leave. The company has lost about 11 billion zloty (€2.5 billion) in market capitalisation and ended the day with an almost 36% drop in share prices. LPP denounced the accusations, s…

2 months ago

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interia.pl

LPP stock market collapse. The Polish giant loses due to reports of business in Russia.

LPP actions - the Polish giant of the clothing industry, owner of the Reserved, Mohito, Cropp, House and Sinsay brands, are losing very strongly in early Friday trading.

2 months ago

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Polish clothing giant LPP sees share price collapse after report alleging "sham" exit from Russia

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Stumbling on LPP shares. Polish company loses by merging it with Russian business

Stumbling on LPP shares. Polish company loses by merging it with Russian business

Polish clothing giant LPP sees share price collapse after report alleging "sham" exit from Russia

Polish clothing giant LPP sees share price collapse after report alleging "sham" exit from Russia

LPP stock market collapse. The Polish giant loses due to reports of business in Russia.

LPP stock market collapse. The Polish giant loses due to reports of business in Russia.

Coverage Details

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