Business news from Ukraine

MHP OPENS THREE MORE STORES LAST WEEK

7 October , 2020  

Myronivsky Hliboproduct (MHP) last week opened three new stores of the Miasomarket stores franchise chain in Oleksandriya and Novomyrhorod (Kirovohrad region) and Sumy.
According to the company’s press release on Monday, October 5, some 12 stores of a new format are already operating in Ukraine, namely, in Sumy, Kovel, Mykolaiv, Dubno, Cherkasy, Kropyvnytsky, Kyiv, Odesa, Novomyrhorod, Oleksandriya.
As reported, Myronivsky Hliboproduct intends to open about 50 retail outlets in different cities of the country by the end of 2020. The company opened the first Miasomarket store in Kyiv on September 18, 2020.
MHP is developing franchising formats such as Miasomarket stores, traditional Nasha Ryaba shops, Secrets of the Chief gastrostudio and shawarma points of sale. At the same time, MHP develops independently its sandwich shops “Kho bite? (the Baschynsky trademark).
MHP is the largest chicken producer in Ukraine. It also produces grains, sunflower oil and meat processing products. MHP supplies chicken carcass halves to the European market, which are also processed at its facilities in the Netherlands and Slovakia.
MHP’s net profit in 2019 increased by 1.7 times compared to 2018, to $215 million, while revenues increased by 32%, to $2.06 billion.

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