Business news from Ukraine

Business news from Ukraine

GROUP OF COMPANIES “ALLO” LAID OFF MORE THAN HALF OF STAFF

2 April , 2022  

The Allo group of companies was forced to lay off more than half of its employees during a full-scale war, and expects to restore labor relations after the restoration of business, said Dmitry Derevitsky, head of the board of directors of Allo Group of Companies. “Unfortunately, we had to part with more than half of the company’s employees, the rest are involved on a piece-rate basis, depending on the hours worked. is UAH 25 million,” Derevitsky said on Facebook. According to him, the group has also lost some stores, and is also under pressure from some landlords demanding payment in full.

“Margins have fallen critically on our own imports. Sales have fallen by an order of magnitude compared to the pre-war level. If we can’t bring rent and current revenue in line, we will leave such outlets,” he said. Derevitsky noted that the bulk of the group’s goods were transported to new distribution centers in western Ukraine. About 200 stores have been restored, and the marketplace has also resumed work. The group plans to launch courier delivery to the branches of logistics operators by the end of April, but in the meantime, you can pick up the goods ordered on the website at open retail outlets. “Next week, we are resuming the import of such critical goods as power banks, chargers, smartphones, push-button phones. Despite significant losses, the company is adapting to work in the new conditions in order to save business, jobs and support the state with taxes,” – Derevitsky emphasized.

LLC “Allo” was founded in 1998. As of the end of 2021, the network has 345 outlets in 140 cities of Ukraine. “Hello” is the official representative and distributor of Xiaomi in Ukraine. The first monobrand store Mi Store was opened at the beginning of 2017 in Kyiv. The network has 30 points in 14 cities. According to the Unified State Register, the participants of Allo LLC are PE Dniproinvest 2016 (96.09%), Dmitry Derevitsky (3.61%), Maxim Raskin (0.3%). The ultimate beneficiary is Derevitsky.