The Fozzy Group, together with Polish manager Maciej Gawronski, has established a joint venture company IDKFA IDCLIP in Poland, 90% of which is owned by Fozzy Holdings Limited and 10% by Gawronski, and became a franchisee of the Carrefour retail chain, the Polish edition of Wiadomosci Handlowe reports.
It is noted that the first store of the chain has already been opened in Poznan.
“While researching the Polish market, we found that Polish retail experts were interested in Silpo’s unique value proposition. We have established excellent cooperation, for example, with Polish breweries, farmers and chefs. It was therefore useful to share our experience and explore some common development opportunities,” the retail chain’s press service told the Polish publication.
At the same time, she explained that many Ukrainians have found refuge in EU countries, particularly in Poland, and when they return, their expectations of a grocery store may change. Therefore, Silpo needs to evolve to offer the best service regardless of the war.
According to Gavronsky, the Ukrainian company in this project is mainly a financial investor, so this is not a full-fledged entry of Fozzy Group into the Polish market under its own brand.
Gawronski has extensive experience in retail – he has worked for Jeronimo Martins for over 20 years, including work at Biedronka (one of the largest grocery chains in Poland). Since 2017, he has been working as Head of Logistics and Supply Chain at Fozzy Group.
Fozzy Group is owned by Volodymyr Kostelman, who founded the company in 1997 in Kyiv. Fozzy Group currently owns the second largest supermarket chain in Ukraine after ATB-Market.
As early as March 2023, Silpo expressed interest in the Polish market and was looking for locations for stores with an area of 2500-5000 square meters. According to unofficial information, the company is still considering opening its own Silpo stores in Poland and continues to look for optimal locations.
Fozzy Group is one of Ukraine’s largest retailers with more than 690 outlets across the country. The company develops retail chains of various formats: Silpo supermarkets, Fozzy Cash&Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, and Bila Romashka pharmaceutical supermarkets.
The Fozzy Group’s business is not limited to trade. The group owns restaurants (Boulangerie, Escobar, Positano, Who&Why Drinkery), an agro-industrial business (Nizhyn, Greenville, Sniatynska Prytya, Bohuslavna, Skadi), Vostok Bank, Silpo Voyage travel agency chain, Apollo Next sports club chain, UVK logistics operator, and TemaBit Fozzy Group, an IT developer.
Fozzy Group has opened the first medical center under the Doctor Sam brand, the group’s press service reports.
It is specified that the first medical center is located in the Respublika Park shopping center (Kyiv, 1 Kiltseva Road).
“Fozzy Group continues to grow and open new businesses to share its best features, namely hospitality and care for employees and guests in the healthcare industry. Doctor Sam is not just your doctor, it is your reliable partner in maintaining your health,” Sam Aganov, the founder and CEO of Doctor Sam Medical Center, outlined the main mission of the medical center.
Doctor Sam is a multidisciplinary clinic with international standards of quality of medical services and care. The areas of work include outpatient consultations with doctors, diagnostics, pregnancy support, day care, preventive vaccinations, etc.
Fozzy Group is one of the largest commercial and industrial groups in Ukraine. The group’s business interests include retail (more than 690 outlets), food production, banking, IT, logistics, tourism and restaurant business.
The company develops retail chains of various formats: Silpo supermarkets, Fozzy Cash & Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, Bila Romashka pharmaceutical supermarkets, Ringoo personal electronics stores, Boulangerie, Escobar, Positano, Who&Why Drinkery restaurants. The agribusiness specializes in crop, livestock and vegetable production. Other businesses include Vostok Bank, TemaBit Fozzy Group, UVK logistics operator, Silpo Voyage travel agency chain, and APOLLO NEXT sports club chain.
According to Opendatabot, the founder of Silpo-Food LLC is PJSC Closed Non-Diversified Venture Corporate Investment Fund Retail Capital (100%, Kyiv), with Volodymyr Kostelman as the ultimate beneficiary.
Fozzy Group PJSC (Vyshneve, Kyiv region), which is part of Fozzy Group trading and industrial group (TIG), is going to pay out UAH 120 mln in dividends to its shareholders in 2021.
According to the company’s announcement made by the National Securities and Stock Market Commission (SSMSC) about the December 12 annual general meeting of shareholders, the dividends will be paid on the basis of UAH 3.75 per one common registered share.
“Fozzy Group also plans to accrue reserve capital for 2020 in the amount of 540.1 thousand UAH, and for 2021 – 3.95 million UAH.
According to preliminary financial statements of the company, its net profit in 2021 increased 11 times compared with the previous year – up to 124.3 million UAH.
The total accounts receivable of PrJSC at the end of last year increased 1.7 times and amounted to 1.6 billion UAH. Current liabilities decreased by 3.3% to UAH 1.58 billion, while there were no long-term liabilities at the end of 2021.
Undistributed profits last year amounted to UAH 137.3 mln.
The total assets of Fozzy Group at the end of 2021 amounted to UAH 3.67 billion.
As reported, Fozzy Group ended 2020 with a net profit of 8.6 million UAH, while in 2019 received a net loss of 5 million UAH.
PJSC Fozzy Group was founded in 2005. According to the NCSSM, its shareholder is Fozzy Group LLC (98.7%). Vladimir Kostelman is listed as the ultimate beneficiary.
Fozzy Group is one of the biggest Ukrainian retailers with more than 690 outlets all over the country. The company develops retail chains of different formats: Silpo supermarkets, Fozzy Cash&Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, Bila Romashka pharmaceutical supermarkets, Ringoo personal electronics stores.
Fozzy Group has launched LOKO, a food-tech startup in Kyiv, which provides a quick delivery service for food and meals for guests, the company’s press service told Interfax-Ukraine.
This service was supposed to start on February 28, 2022, but due to a full-scale Russian invasion, its launch had to be delayed.
According to the press service, LOKO started a week ago, from the left-bank part of Kyiv. At the time of launch, the service is available in the districts of Pozniaky, Berezniaky and part of Osokorky of the capital – the current map of the coverage area is updated on the website.
In the nearest plans is the connection of the service in the entire capital. The next cities will be Lviv and Odesa, at the same time feedback from guests is being collected, in which other cities this service may be in demand.
The LOKO concept provides for the delivery of hybrid orders: products from a supermarket, own pastries and restaurant dishes. LOKO products and dishes are delivered in 15-30 minutes, depending on the filling of the order and the address. Delivery of orders is carried out by CityRiders – specialists who provide delivery services on electric scooters.
Now there are about 1,500 goods and restaurant dishes available, LOKO cooperates with the most popular restaurants in Pozniaky, Berezniaky and part of Osokorky in Kyiv.
According to the press service, in order to become partners of the program, restaurants need to fill in a form, the selection criteria are “popularity among local residents and the desire of the restaurants themselves to connect.”
The LOKO service is built into the Silpo mobile application, the delivery cost depends on the value of the order.
Fozzy Group is one of the largest Ukrainian retailers with more than 690 outlets throughout the country.
The Arsenal insurance company (Odesa) in January-September 2021 collected UAH 11.063 million in net premiums, which is 19.4% more than in the same period in 2020.According to a company’s report, posted in the information disclosure system of the National Securities and Stock Market Commission, its gross premiums for this period increased by 31.7%, to UAH 14.624 million. Some UAH 3.715 million was transferred to reinsurance (more by 67.5%).Over nine months, the company paid UAH 330,000, which is almost 50% less than in the same period a year earlier.Company’s administrative expenses amounted to UAH 2.452 million (more by 7.8%), and sales expenses – UAH 908,000.Gross profit amounted to UAH 10.733 million (more by 24.2%), net profit UAH 7.503 million, while in the same period a year earlier it was UAH 7.732 million.As reported, in October 2021, Vostok Capital LLC (Kyiv) became a new shareholder of the company with a block of 80.741% of shares, the main shareholder of which is PrJSC Fozzy Group.Fozzy Group is one of the largest Ukrainian retailers with nearly 690 points of sale throughout the country. As of 2019, the total area of its stores exceeded 1 million square meters.
Vostok Capital LLC (Kyiv), the main shareholder of which is Fozzy Group, has announced its intention to acquire 4.762 million shares (with a par value of UAH 47.620 million) of Arsenal Insurance Company (Odesa), which is 80.741% of the charter capital of the insurer.
According to the information disclosure system of the National Securities and Stock Market Commission, at the time of submission and publication of this report, Vostok Capital and its affiliates do not own shares of Arsenal insurer.
according to the data of the unified state register of legal entities, individual entrepreneurs, the founders of Vostok Capital are PrJSC Fozzy Group, whose contribution is UAH 214.014 million, and Vermont closed non-diversified venture capital investment fund with UAH 214.014 million.
The charter capital of Vostok Capital is UAH 428.028 million.
Arsenal insurer was registered in 2005.
Fozzy Group is one of the largest Ukrainian retailers with nearly 690 points of sale throughout the country. As of 2019, the total area of its stores exceeded 1 million square meters. The company develops retail chains of various formats: Silpo supermarkets, Fozzy Cash & Carry wholesale hypermarkets, Fora convenience stores, Thrash! discounters, Bila Romashka pharmaceutical supermarkets, Ringoo personal electronics stores.
