Business news from Ukraine

Business news from Ukraine

Novus opens its first supermarket in 2024

3 September , 2024  

Novus Ukraine LLC has opened a new supermarket in Kyiv, in the Seven residential complex (18 Dniprovska embankment), the retailer’s press service reports.
This supermarket is reportedly the first new one to open in 2024. Its total area is 1046 square meters, with a sales area of 733 square meters.
“We are pleased to have the opportunity to continue developing our company in such a difficult time. Our goal is to create a comfortable space and meet the needs of our customers. The store is located in a residential complex, so for many residents it will become a “home” market where they can spend a lot of time,” Mark Petkevich, CEO of Novus, was quoted in the release as saying.
The store is equipped with a modern bakery, where fresh bread and other bakery products will be baked daily. Particular attention is paid to a wide range of chilled meat and ready-to-eat meals of its own production, which can become a full-fledged alternative to cooking at home.
“We strive not only to satisfy the basic needs of our customers, but also to offer a special gastronomic experience that will become an alternative to home cooking,” Novus adds.
Novus Ukraine LLC was established in 2008 and opened the first Novus supermarket in the country the same year. As of August 2024, the retailer’s network includes more than 80 Novus and 21 Mi Market stores in Ukraine.
The Novus supermarket chain is developed by BT Invest (Lithuania), a company established in 2008 by former Sandora shareholders Raimondas Tumenas and the late Igor Bezzub.
According to Opendatabot, as of July 2021, the owner of Novus Ukraine with a 100% stake in the authorized capital was Consul Trade House CJSC (Vilnius, Lithuania). The ultimate beneficiaries are Marina Poznyakova, Agne Ruzgienė, and Raimondas Tumenas.
According to the company’s financial results, in 2023, its revenue increased by 47% to UAH 23.6 billion, while its net loss decreased by 87% to UAH 310.7 million.

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