Business news from Ukraine

Business news from Ukraine

LAUFFER GROUP TO INVEST SOME UAH 18 MLN IN DEVELOPMENT OF OWN RETAIL CHAIN IN 2016

9 February , 2016  

KYIV. Feb 9 (Interfax-Ukraine) – The Lauffer Group plans to launch over 12 new outlets of own retail chain in Kharkiv and 20 in Odesa in 2016, and total investment will reach UAH 14 million.

The company said in a press release on Monday that this year the existing facilities of the branded outlets under the Saltovsky trademark in Kharkiv will be reconstructed and investment will total over UAH 4 million.

Head of Retail Business at Lauffer Group Oleksandr Moshurovsky said that new Zefir stores in Odesa and Kharkiv sell a wide range of food (up to 800 items).

In 2015, around UAH 4.25 million was invested in opening of shops: nine in Odesa, five in Kharkiv and 12 in Dnipropetrovsk. Investment into one shop was from UAH 250,000 to UAH 400,000.

Lauffer is one of the largest Ukrainian business groups in the sector of processing agricultural products and food production, which has been operating in Ukraine for 14 years. It includes about 100 enterprises specializing in production of flour, bakery goods, fat, canned food and so on.