The management report of the annual review states that last year “Lauma Lingerie” continued cooperation with franchise partners in seven countries of the world – Estonia, Lithuania, Latvia, Uganda, Russia, Belarus and Albania. In total, in 2020, the company had 33 franchise stores.
At the same time, the management report states that important partners of “Lauma Lingerie” are related companies in Russia and Belarus. Consequently, there are significant risks in cooperation with Russia and Belarus in connection with the sanctions imposed on these countries. In order to reduce this risk, the management of “Lauma Lingerie” is looking for opportunities to learn new export markets, as well as to attract new service providers.
In the management report, the main task of “Lauma Lingerie” in 2023 is the development of existing export markets and the acquisition of new ones, the expansion of the assortment, as well as the development of sales on the Internet.
The turnover of “Lauma Lingerie” in 2021 was 4.857 million euros, while the company’s profit was 652,065 euros.
The company “Lauma Lingerie” was registered in 2005. The share capital of the company is 35,571 euros. Lauma Lingerie is a subsidiary of Silvano Fashion Group. “Silvano Fashion Group” is an international linen production and retail company whose shares are listed on the Tallinn and Warsaw stock exchanges.
