Business news from Ukraine

Business news from Ukraine

EVA is going to open 50 new stores

12 April , 2023  

The EVA chain of perfumery and cosmetics stores has opened 11 new stores since the beginning of 2023 and plans to launch at least 50 new outlets mainly in the central and western regions of Ukraine this year.
“We have already opened 11 new EVA stores this year, and we plan to open at least 50 in total. Mostly in the central and western regions. We are also considering new locations in the de-occupied territories. As for the development formats, we are focusing on stores with a new design called “Women’s Energy,” the chain’s press service told Interfax-Ukraine.
Investments in the opening of a new store amount to UAH 2-4 million depending on the format, while investments in the restoration of an outlet depend on the degree of damage, the chain said.
The company also plans to reopen previously closed stores where the situation allows. For example, five stores have already reopened in Kherson, one in Pokrovsk, Dobropillya, Myrnohrad, Sloviansk and Kramatorsk, and a previously closed store is planned to open in Rodynske, Donetsk region.
According to the chain, last year the company opened 26 new stores and restored 50 more after damage.
The company also plans to open a new warehouse at its distribution center in Dnipro this year. Currently, the chain’s warehouses are located in Lviv and Brovary. In addition, work is underway on a large warehouse project in Odesa, EVA noted.
As reported, the EVA network’s turnover in 2022 decreased by 7% year-on-year to UAH 15.7 billion.
RUSH LLC, which manages the EVA chain, was founded in 2002. It has more than 50 own brands, which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear and children’s products.
As of February 23, 2022, there were 1119 EVA stores in Ukraine. In April 2023, the chain had 996 operating stores.
According to Opendatabot, the owner of RUSH LLC is Korsolyushyn LLC (100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8 million, while the value of its assets decreased by 2.5% to UAH 10.3 billion.

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