Gdansk-based clothing company LPP made its debut on the WSE yesterday trading at ZL48.4, just over the issue price of ZL48.

There were no problems finding buyers for the company's 300 thousand shares and the ZL14m from the share issue has been earmarked for new showrooms plus the launch of an online shop.

The company, which has no production capacity in Poland, designs clothes that are then made in China and are marketed on their return to Poland. Producing the clothes in China, LPP is able to take advantage of lower labour costs and has recently enjoyed the additional advantages brought by the strong zloty.