Akcinė prekybos bendrovė „APRANGA“ (APRANGA, AB)

Akcinė prekybos bendrovė „APRANGA“ (short: APRANGA, AB; often referred to as Apranga Group) is the largest specialized fashion retail group in the Baltic States. The group operates a portfolio of international and own multi‑brand fashion concepts across Lithuania, Latvia, and Estonia under long‑term franchise and partnership agreements with global brand owners.

Industry: Fashion and apparel retail (multibrand and franchise retail)
Founded: The modern public company was established in the early 1990s during Lithuania’s privatization period (group roots in clothing trade date back earlier in the Soviet era).
Headquarters: Vilnius, Lithuania
Stock exchange listing: Nasdaq Vilnius (ticker: APG1L; ISIN commonly reported in investor materials)
Geographic footprint: Lithuania, Latvia, Estonia

Legal Information

Juridinis pavadinimas: Akcinė prekybos bendrovė „APRANGA“ (APRANGA, AB)
Teisinė forma: Akcinė bendrovė (AB)

Įmonės kodas (company code): 121933274
PVM mokėtojo kodas (VAT): LT219332716
Note: Company and VAT codes as commonly disclosed in public business directories and regulatory filings.

Registruota buveinė (registered office):
Ukmergės g. 362, LT‑12105 Vilnius, Lietuva
Telefonas: +370 5 239 0800
El. paštas (bendras): info@apranga.lt
Oficiali svetainė (grupė / investuotojams): aprangagroup.lt
Mažmeninė elektroninė prekyba: apranga.lt

Notes:
- The above contact details are widely cited in Lithuanian business registries and company communications. If a dedicated investor relations email is required, refer to the “Investors” section on aprangagroup.lt for the latest contacts.
- Registered address and switchboard may be updated by the company; always check the most recent Annual Report or the Nasdaq Baltic issuer page.

Business Operations

APRANGA, AB leads a retail group that develops and operates a multi‑format portfolio of fashion stores. Its business model combines:

- Franchise operations with global fashion groups and brands (notably the Inditex portfolio such as Zara, Bershka, Pull&Bear, Stradivarius, Massimo Dutti, Zara Home, as contracted for the Baltic region) and select premium/luxury and lifestyle brands (e.g., Hugo Boss and others over the years).
- Own multi‑brand concepts (historically including “Apranga”, “Aprangos galerija”, “City” and related formats) that curate international labels.
- E‑commerce via apranga.lt for the group’s own multi‑brand assortment; brand‑owner policies may govern online channels for certain franchise brands.

Store network: The group operates one of the largest apparel store networks in the Baltics, with well over 150 stores combined across Lithuania, Latvia, and Estonia (store count fluctuates due to openings, refurbishments, and portfolio optimization).
Customers: Mass‑market to premium fashion consumers, urban and shopping‑center driven footfall.
Supply and merchandising: Centralized buying and logistics in Lithuania serving the three Baltic markets, with brand partners’ assortments and seasonal rotations.

History

- 1990s – APRANGA emerges as a privatized retail company in Lithuania and begins building a multi‑brand apparel retail business; the company is structured as a public joint‑stock company (AB).
- Early 2000s – Entry into Latvia and Estonia, establishing a pan‑Baltic footprint; first franchise partnerships with major international brand owners are signed; landmark store openings in key shopping centers in Vilnius, Riga, and Tallinn.
- Mid‑2000s onward – Acceleration of franchise portfolio (including Inditex brands) and expansion of premium/luxury formats; continuous network growth and store refurbishments; IPO era and active communication with capital markets.
- 2010s – Strengthened Baltic leadership; development of e‑commerce; portfolio optimization and concept refreshes; continued investment in logistics and IT.
- 2020s – Resilience through pandemic‑era disruptions; recovery and record sales in subsequent years; ongoing refurbishments of flagship locations and selected brand roll‑outs across the Baltics.

Note: Detailed milestone dates (e.g., first Zara in Vilnius, entry years by country, individual brand agreements) are available in archival press releases and Annual Reports.

Financial Information

Revenue and sales
- The group regularly discloses monthly and annual retail turnover (typically reported “including VAT”) via Nasdaq Baltic announcements and its investor relations website.
- Public reports indicate that consolidated retail turnover including VAT exceeded EUR 320 million in 2022 and approximately EUR 365–370 million in 2023, marking record results for the company following post‑pandemic recovery and network optimizations.

Profitability, dividends, and capital markets
- APRANGA, AB is a long‑standing dividend payer on Nasdaq Vilnius (ticker APG1L). Dividend proposals and payouts are approved by the General Meeting of Shareholders and disclosed publicly in AGM materials and company announcements.
- Market capitalization and trading metrics vary; see nasdaqbaltic.com for the latest figures, historical performance, and corporate actions.

Ownership structure
- APRANGA, AB is the parent of the Apranga Group’s Baltic operations (Lithuania, Latvia, Estonia).
- A controlling stake is held by companies related to the MG Group (historically via UAB “Minvista” and affiliated entities), with the remaining shares held by institutional and retail investors in free float. Exact shareholdings can be found in the latest Corporate Governance Report and “Major shareholders” disclosures.

Note: For audited financial statements (consolidated and separate), Annual Reports, and interim results, consult aprangagroup.lt (Investors → Reports) and Nasdaq Baltic issuer disclosures.

Leadership and Management

Key executives (vadovai)
- Generalinis direktorius (Chief Executive Officer): Rimantas Perveneckas
- Vykdomoji vadovybė: the management team includes long‑serving executives responsible for retail operations, franchising/brand relations, finance, logistics, and HR. Public sources often reference Gintaras Perveneckas among senior leadership for retail operations. The full current roster appears in the latest Annual Report and Corporate Governance Report.

Valdymo organai (governance)
- Valdyba / Stebėtojų taryba ir valdyba: As a listed public company, APRANGA, AB maintains governance bodies as prescribed by Lithuanian corporate law. Public disclosures have commonly listed Darius Mockus among the board leadership and Diana Dominienė as a board member in various years, together with company executives (e.g., Rimantas and/or Gintaras Perveneckas). The exact, up‑to‑date composition (chairpersons, independent members, committees) is available in the latest Corporate Governance Report and on the Nasdaq Baltic issuer page.

Note: Names and positions of board/supervisory members can change following shareholder meetings. Always refer to the latest official disclosure for definitive listings.

Office Locations

Headquarters (Lithuania):
Ukmergės g. 362, LT‑12105 Vilnius, Lietuva
Telefonas: +370 5 239 0800

Baltic subsidiaries:
- Latvia: SIA Apranga (registered in Latvia; address and telephone as per Latvian enterprise register and company website).
- Estonia: OÜ Apranga (registered in Estonia; address and telephone as per Estonian commercial register and company website).

Note: Precise local office addresses and phones for the Latvian and Estonian subsidiaries are published in the respective national registers and on the group’s corporate website. If required, consult aprangagroup.lt → Contacts or the subsidiaries’ national registries for current details.

Market Position

Competitive positioning: Apranga Group is widely regarded as the Baltic market leader in specialized fashion retail by store count, sales, and brand portfolio breadth. It competes in the region with global and regional players that operate fast‑fashion and specialty concepts.

Key competitors in the Baltics include:
- LPP Group brands (Reserved, Cropp, House, Mohito, Sinsay)
- H&M
- New Yorker
- Selected department/multibrand and specialty retailers (country‑specific), including premium/luxury boutiques and e‑commerce‑led entrants

Competitive advantages:
- Longstanding franchise partnerships with global brand owners and a well‑diversified concept portfolio
- Scale and operational know‑how across three countries, with centralized logistics and purchasing
- Prime locations in top Baltic shopping centers and high streets, with ongoing store refurbishments and concept upgrades
- Strong brand recognition and experienced local management team

Recent Developments

- Sales momentum: Company announcements indicate record or near‑record retail turnover in 2023, continuing positive trends into 2024, subject to seasonal and macroeconomic factors in the Baltics.
- Network optimization: Ongoing refurbishments and selective openings in major malls in Vilnius, Riga, and Tallinn; periodic portfolio adjustments reflecting brand strategies and shopping‑center redevelopments.
- Shareholder returns: The company has continued its practice of dividend distributions (subject to AGM approval) and transparent communication through Nasdaq Baltic.
- Digital and operations: Continued work on omnichannel capabilities for own multi‑brand assortment and operational efficiency improvements in logistics/IT.

Note: For the latest, check the company’s “News” and “Investors” sections and the Nasdaq Baltic announcements feed.

Contact Information

Registered office (Lithuania):
APRANGA, AB
Ukmergės g. 362, LT‑12105 Vilnius, Lietuva
Telefonas: +370 5 239 0800
El. paštas (bendras): info@apranga.lt
Svetainės: aprangagroup.lt (corporate/investors), apranga.lt (retail e‑shop)

Investor relations contacts (email/phone) are provided in the Investors section of aprangagroup.lt and in Nasdaq Baltic disclosures.

Sources and References

- APRANGA Group – Corporate website (About, Contacts, Investors, Reports): aprangagroup.lt
- APRANGA – Retail e‑shop and customer contact: apranga.lt
- Nasdaq Baltic – Issuer page for APRANGA, AB (APG1L), including announcements and key figures: nasdaqbaltic.com
- Annual and Interim Reports (financial statements, governance, shareholders) – see aprangagroup.lt → Investors → Reports
- Lithuanian business directory (company code, VAT, address, phone commonly cited): rekvizitai.vz.lt (search for “APRANGA, AB”)
- Selected press releases and local media coverage on store openings, refurbishments, and dividends (various years)

Disclaimer: Certain granular items (e.g., exact current board composition, subsidiary office phones, most recent year’s audited figures) can change and should be verified against the latest official filings and the Nasdaq Baltic issuer disclosures.