Business news from Ukraine

Business news from Ukraine

SuperStep to Close All Stores in Ukraine in May–June

The international multi-brand footwear retailer SuperStep will close all of its stores in Ukraine in May and June, according to the Retailers Association of Ukraine (RAU)

Zafer Ozbay, CEO of Eren Retail Group in Ukraine, which manages the Lacoste and SuperStep chains, told RAU that this decision is the result of a strategic analysis of global operations and the structure of sales channels.

“Ukraine remains an important market for us, and this step should be viewed as an optimization of our global operations, not as an indicator of market potential,” Ozbay said.

He clarified that there are no plans to close Lacoste stores and that operations are continuing as usual. According to RAU, as of the end of April, there are 12 Lacoste stores operating in Ukraine: one each in Odesa, Dnipro, and Lviv, and nine in Kyiv.

SuperStep was founded in 2012 in Istanbul and operates in the sport-casual and lifestyle segment, offering a diverse selection of sneakers, accessories, and apparel from world-renowned brands such as Lacoste, Nike, Puma, Adidas, Reebok, New Balance, Tommy Hilfiger, Calvin Klein, and Saucony. The brand entered the Ukrainian market in 2015, opening its first store in the capital’s Sky Mall shopping center; by 2018, it operated five locations: four in the capital and one in Lviv. The chain continued to open stores as part of a full-scale expansion: in 2023 at Victoria Gardens in Lviv, in 2024 at the Dream shopping mall in Kyiv and the Karavan shopping mall in Dnipro, and in 2025, a renovated space opened at the Forum Lviv shopping mall in Lviv.

As of the end of April 2026, six offline locations remained: in the capital’s Lavina Mall and Dream shopping centers, Lviv’s Forum Lviv and Victoria Gardens, Odesa’s Riviera Shopping City, and Karavan Dnipro. The retailer also operates an online store.

Back in March 2026, the Puma brand replaced SuperStep at the Respublika Park shopping center in Kyiv with its new “Field of Play” concept. At the Gulliver shopping center in Kyiv, the New Balance chain is considering SuperStep’s space to open a store with a revamped concept and a larger area—over 300 square meters. Currently, the stores are located next to each other.

,

Lekhim’s net profit in 2025 fell to 24.4 mln UAH

JSC “Lekhim” (Kyiv) saw its net profit decline by 65.5% in 2025 compared to 2024, down to 24.424 million UAH.

According to the company’s disclosure in the NSSMC’s information disclosure system, net sales revenue in 2025 increased by 22.2% to UAH 2.191 billion.

JSC “Lekhim” is the holding company of the ‘Lekhim’ group, which includes PJSC “Technolog” (Kyiv region), JSC “Lekhim-Kharkiv,” LLC “Lekhim-Obukhiv” (Kyiv region), UAB “LEKHIM-VILNIUS” (Lithuania), and IP “LEKHIM” (Uzbekistan).

It ranks among the top 10 largest pharmaceutical manufacturers in Ukraine.

,

Odessa-based “Tochka” chain has increased its revenue to 2.7 bln UAH and is planning major expansion

The Odessa-based “neighborhood” store chain “Tochka” increased its revenue to 2.7 billion UAH by the end of 2025 and plans to open about 100 more retail locations by the end of 2032, according to the industry publication Retailers.ua.

According to the publication, the chain is demonstrating stable financial performance: while revenue amounted to 2.5 billion UAH in 2023, it declined slightly to 2.3 billion UAH in 2024, but showed growth in 2025. At the same time, the company is growing without taking out loans, relying solely on its own profits, which amounted to 29.8 million UAH in 2025 compared to 33.7 million UAH in 2024.

Currently, the chain has 80 stores in the Odesa and Mykolaiv regions. All of them operate in leased spaces. Plans for 2026 include the launch of seven new stores, specifically in Reni, Okny, and Dachne, as well as the renovation of three existing locations.

“We continue to develop the ‘near home’ format—it is important for us to be close by and convenient for the customer. By the end of 2032, the company plans to launch about 100 more stores and will gradually expand beyond the Odesa region toward central Ukraine,” the retailer’s press service noted.

In its product assortment strategy, the company focuses on everyday essentials, prepared foods, and fresh produce. The chain notes that in some stores, ready-to-eat meals are already outperforming the basic basket in terms of profitability.

“Tochka” also intends to expand its own production and line of private-label products in 2026.

To ensure energy independence, the company has equipped all stores with generators and, starting in the second half of 2025, began installing solar power plants (SPPs) on the roofs of its stores. This allows the company to maintain the operation of refrigeration systems and minimize product write-offs during power outages.

The “Tochka” chain has been on the market since 2012. Its product range includes food and non-food items. The company’s “Bonus Basket” loyalty program offers over 1,000 promotional deals every day.

, ,

“Galichpharm” produced over 22 mln packages of medication in 2025 and reported loss

Pharmaceutical company JSC Galichpharm (Lviv) produced 22.098 million packages of medicines in 2025 and sold finished products worth UAH 1.774 billion.

As the company reported in its financial statements on its website, its net loss in 2025 amounted to UAH 1.151 billion, while at the end of 2024, net profit fell by 39% compared to 2023—to UAH 13.705 million.

As previously reported, the company planned to increase sales by 15% by the end of 2025.

In May 2025, the Commercial Court of Lviv Oblast opened bankruptcy proceedings against the pharmaceutical manufacturer JSC “Galichpharm” based on claims by LLC “Sky-Development” in the amount of UAH 479.262 million. On April 21, 2025, Sky-Development LLC acquired from JSC “Bank ”Finance and Credit“ the rights to claims against JSC ”Galichpharm” under loan agreements and security agreements.

The investment company Sky-Development won an open auction organized by the Deposit Guarantee Fund and acquired the claims of the insolvent JSC Bank Finance and Credit under ten loan agreements with leading Ukrainian pharmaceutical companies: JSC “Galichpharm” and JSC “Kyivmedpreparat.” According to Sky-Development, the total amount of its claims exceeds UAH 3.5 billion.

For their part, Kyivmedpreparat and Galichpharm stated that the information disseminated by Sky Development Investment Company is “unreliable, manipulative, and shows signs of deliberate discrediting of the companies’ activities.” In particular, both companies denied having “multi-billion-hryvnia debts” to “Sky Development.” The pharmaceutical companies viewed the statements by “Sky Development” LLC as “an attempt to illegally and artificially create non-existent creditor debt for a possible future hostile takeover of the companies.”

, ,

“Bakery Industry – 2026” Forum will take place in Kyiv on May 12–13

On May 12–13, 2026, the annual “Bakery Industry — 2026” forum will take place in Kyiv at Premier Hotel Rus, bringing together representatives of the market of bakery products, flour, cereals, pasta and flour products, ingredients, equipment, technologies, marketing and product sales. The venue of the event is Premier Hotel Rus, 4 Hospitalna Street.

The organisers of the forum are the All-Ukrainian Association of Bakers, the Union “Millers of Ukraine” and Agro Marketing Agency. The general partner of the event is Lesaffre Ukraine.

As the organisers note, the 2025/26 season for the bakery industry has become a period of “fine-tuning,” primarily due to the raw material factor. According to their estimates, the wheat harvest in 2025 was significant in terms of volume, but in terms of quality indicators, the market counted every percentage point; in particular, the share of class 1–2 wheat with high protein amounted to about 6.5%. This created additional challenges both for flour-milling enterprises and for bread producers, who are forced to adapt recipes and technological processes to ensure the stable quality of finished products.

The first day of the forum, May 12, will begin with participant registration and the opening of the conference. The central event of the morning session will be the panel discussion “Grain, Flour, Bread: The View of the State and Business.” Among the announced participants of the discussion are Chairman of the Agrarian Committee of the Verkhovna Rada of Ukraine Oleksandr Haidu, Deputy Minister of Economy, Environment and Agriculture of Ukraine Taras Vysotskyi, Head of the State Service of Ukraine on Food Safety and Consumer Protection Serhii Tkachuk, First Vice President of the All-Ukrainian Association of Bakers Oleksandr Taranenko, and Director of the Union “Millers of Ukraine” Rodion Rybchynskyi.

Also on May 12, the winners of the All-Ukrainian Competition of Bakery and Flour Confectionery Products — 2026 will be awarded, and the expert session “Sourdough as a Strategy. Consumer Perception. Effective Production” will take place, as well as parallel meetings. The session “Modern Technologies for Unlocking the Potential of Flour, Dough and Bakery Products” is planned in the large hall, while the round table “Is There a Solution to the Problem of Rye Shortage in Ukraine?” will take place in the small hall.

In the second half of the day, the program includes the panel discussion “Staff Shortage and Mental Health of Personnel: Non-Standard Solutions in Production,” as well as the discussion “From the Oven to the Smartphone: How the Marketing of Bakery Products Is Changing in the Digital Era.” The conclusion of the first day will include the summing up of results, a buffet reception, an auction and fundraising for the Armed Forces of Ukraine, as well as a tasting of wines from Ukraine’s ambassadors by the Ukrvinprom corporation.

May 13 will be the off-site day of the forum. Participants will be able to visit modern enterprises of the industry: Kyiv Bakery House LLC in Brovary, Uni Blend in Kyiv, as well as the companies Food Reform, Dim Spetsii and Savyn Khlib in the village of Savyn, Chernihiv region.

The participation terms provide for a registration fee of UAH 15,400 per one company delegate. The payment includes participation in the conference, receipt of materials, coffee breaks, lunches, program events, off-site sessions and excursions, a banquet and networking. A 20% discount applies to companies delegating three or more participants, as well as to members of the All-Ukrainian Association of Bakers and the Union “Millers of Ukraine”; discounts are not cumulative.

Registration is ongoing, but the number of seats is limited. Do not postpone your decision — join the leaders of the bakery industry and discover new opportunities together with the “Bakery Industry — 2026” forum, which will take place on May 12–13, 2026, at Premier Hotel Rus in Kyiv.

REGISTER

DETAILED FORUM PROGRAM

Organizers: All-Ukrainian Association of BakersUnion “Millers of Ukraine”Agro Marketing Agency.

General partner — Lesaffre Ukraine.

Special sponsor — SocTrade.

Technology sponsor — Balex Company.

With the support of — Wine of UkraineAlviva GroupUni BlendFood ReformFood & DrinksUkrvinpromAgro 2 FoodWorld Food UkraineTat food.

Official information partner — Interfax-Ukraine.

Official information and analytical partner of the forum — Experts Club.

Information partners — AgroPortalAgroElitaUA News.

For forum participants, from May 11 to May 14, a 20% discount on accommodation at Premier Hotel Rus is available using the promo code “Хлібна індустрія 2026”Book a room

For companies delegating three or more participants, as well as for members of the All-Ukrainian Association of Bakers and the NGO “Millers of Ukraine”, a 20% discount on participation is available. Discounts are not cumulative.

For questions regarding participation, making a presentation, placing a stand, sponsorship and partnership support, the organizers invite interested parties to contact the conference organizing committee. Contacts of Agro Marketing AgencySviatoslav Tkachenko, +38(063)357 73 59, market@agromarketing.com.ua. Contacts of the All-Ukrainian Association of Bakers: +38(044)529 62 56, vap@vap.org.ua.

,

“TAS-Dniprovagonmash” saw its losses increase 2.4-fold in first quarter

TAS-Dniprovagonmash LLC (DVM, Kamianske, Dnipropetrovsk Oblast), controlled by the TAS financial and industrial group owned by businessman Serhiy Tihipko, ended January–March 2026 with a loss of UAH 39.67 million, which is 2.4 times higher than the figure for the first quarter of 2025.

According to the company’s published interim financial statements, net revenue fell by nearly four times—to 72.73 million UAH.

No products were exported during this period, and the main customers in Ukraine were ENVIO Ukraine LLC and TAS Poltavavagon.

According to the plant, during this period it reduced freight car production by 4.8 times—to 38 units—and production capacity was utilized at only 5%. Total sales revenue amounted to UAH 140.7 million.

The average selling price of freight cars was 2,460,800 UAH (compared to 2,569,400 UAH during the same period last year).

In terms of total car production in Ukraine in January–March 2026, TAS Dniprovagonmash ranked fourth. Its main competitors are the Kryukiv Carriage Works, DMZ Karpaty, and Ukrzaliznytsia’s plants.

The value of contracts signed but not yet fulfilled as of the end of the first quarter of 2026 was 103.1 million UAH (excluding VAT), and the expected profit from their fulfillment was 6.2 million UAH.

“TAS Dniprovagonmash,” which has the capacity to produce 9,000 railcars per year, reportedly offers the widest range of freight railcars among domestic manufacturers (over 160 models) and also produces metal structures, railcar bogies, spare parts, and equipment for the agricultural sector.

As of April 1, 2026, the plant employed 596 people (744 a year ago).

As reported, in 2025, it reduced freight car production by 8.6% compared to the previous year—to 550 units—and sales by 8.2%, to 556 units. The company incurred a loss of 151.4 million UAH, whereas in 2024 net profit amounted to 62.2 million UAH, and net revenue decreased by 12% to 1.54 billion UAH.

,