Business news from Ukraine

RECONSTRUCTED TSUM DEPARTMENT STORE OPENS IN KYIV

29 November , 2016  

KYIV. Nov 29 (Interfax-Ukraine) – ESTA Holding, the managing company of ESTA Group, established by CJSC System Capital Management (SCM, Donetsk), on November 28 opened the eight-storey Central Department Store (TsUM) with a total leasable area of 23,500 square meters after reconstruction.

“Today a new, European period of the Central Department Store begins. Our goal was not only to make TsUM store No.1 in Ukraine but also put it in one line with the leading classical department stores of European cities. We focused on Selfridges in London, Galeries Lafayette in Paris and Kaldewei in Berlin,” ESTA Holding CEO Maksym Hromadtsov said during a press conference devoted to the official opening of the department store.

According to him, due to the difficult economic situation in the country the payback period since the launch almost doubled.

The Central Department Store building was completely rebuilt, while its historic facade was preserved, and inside a new center was built in the format of a conventional department store with a wide range of products organized on the principle of specialized departments in the same service area.

The peculiarity of TsUM will be the availability of common cash desks and fitting rooms at all the levels, open planning and a minimum of partitions.