Business news from Ukraine

JYSK opens renovated store in Brovary

International chain JYSK on Thursday opened a renovated store in the Terminal shopping center in Brovary (Kyiv region), the company’s press service told Interfax-Ukraine.

“We are dynamically implementing a plan to reconstruct our stores into a more modern and attractive format, and this is no less important for us than opening new stores. It is a transformation process that allows us to create better conditions for our employees and make the product range more accessible and the shopping experience more attractive for customers,” said Country Director of JYSK Ukraine Yevhen Ivanitsa.

He clarified that this is the second rebuilt store since the beginning of the financial year, which started in JYSK on September 1, and the second of 10 planned for this fiscal year.

The store has been renovated according to the modern chain concept 3.0. It includes a more attractive and convenient interior, more comfortable product layout and display. The retail space and warehouse area remained unchanged, amounting to 1,020 sqm and 157 sqm respectively. At the same time, the volume of the warehouse has been increased due to the height of the equipment. New track lighting was installed in the store, a mattress studio was set up, and the furniture display was expanded.

The updated format also provides better conditions for employees. In this case, the office space, dining room and locker room were modernized.

As reported, since the beginning of 2023, JYSK has opened five new stores and renovated three existing ones.

Currently, there are 88 JYSK stores and the online store in Ukraine. The company notes that 12 new stores are planned to open in the current financial year. JYSK has more than 800 employees in the country.

JYSK is part of the family-owned Lars Larsen Group with more than 3.2 thousand stores in 48 countries.

JYSK’s revenue in the financial year 2022/23 amounted to EUR 5.2 billion.

, ,


Dragon Capital has completed the sale of the Omega-2 class A logistics complex with an area of ​​32,700 square meters in Brovary (Kyiv region), according to its press service on Monday.
“This is our first closing of a commercial real estate sale deal after we made a bet on this segment in 2016, and it demonstrates that there are opportunities in this market not only for profitable investments, but also for exits,” Dragon Capital Managing Director Volodymyr Tymochko said.
According to him, the company also continues to consider the possibility of spot acquisitions in the warehouse real estate sector. In addition, the plans also include the development of the company’s industrial parks in Kyiv (E40 Industrial Park) and Lviv (Ryasne-2).
Dragon Capital is one of the largest groups of companies in Ukraine, which works in the field of investment and financial services and provides a full range of investment banking, brokerage, and asset management services to institutional, corporate and private clients.

, , ,