Business news from Ukraine

Business news from Ukraine

DUNA-VESTA TO OPEN TWO OWN STORES IN POLAND IN 2016

14 December , 2015  

KYIV. Dec 14 (Interfax-Ukraine) – Duna-Vesta (Chervonohrad, Lviv region), one of the largest Ukrainian manufacturers of hosiery, plans in 2016 to open two own stores in Poland, company sales director Yuriy Odemchuk has said.

“We plan in 2016 to open two own shops in Poland. I think we will succeed,” he said during the third Retail & Development Business Summit in Kyiv.

According to Odemchuk, in 2013 and 2014 the company tried to enter the Polish market of hosiery but failed.

“Today we are developing a franchise network in Ukraine, holding consultations with Polish and German companies which sell franchise in Europe, we already have some agreements but have no stores,” he added.

Odemchuk noted that the company started work with the EU states only in 2015 after the opening of access to the European market for Ukrainian producers, he added.

“In 2015 we changed the strategy of entering the European market and started retail sales. Today we have seven contracts with large retailers, such as Auchan and other companies,” he added.

Duna-Vesta as a successor of the eponymous public joint-stock company was founded in 2002 on the basis of Duna and Chervonohrad hosiery factory, one of the largest manufacturers of such products in Ukraine, founded in 1965.