Business news from Ukraine

Business news from Ukraine

Varus opens fourth supermarket in Odesa

The Varus chain has opened its fourth store in Odesa (91 Dacha Kovalevskoho Street), the retailer’s press service reports.

The new supermarket has the Varus Home format and was developed for the chain by YUDIN Design studio. The total area of the store is 1050 square meters, of which 622.31 square meters is the sales area, and in addition to standard cash desks, there will be self-service cash desks.

“The Varus Home format is an opportunity for our customers to buy their favorite products in a home atmosphere. The stylish design emphasizes the vector for continuous development and improvement, and it is also designed to make the time spent in the store even more enjoyable,” Anna Luganskaya, Varus Marketing Director, was quoted in the release.

She noted that more and more renovated supermarkets, in addition to a wide range of goods, offer products of their own production. The culinary department offers dozens of meat, vegetarian, diet and seasonal dishes. For lovers of pastries and hot pizza, Varus Cafe offers pizza and bread of its own production. The supermarket also has coffee machines that allow customers to make their own coffee.

Varus is a national supermarket chain represented on the Ukrainian grocery retail market by Omega. Omega’s authorized capital is UAH 111 million 129 thousand, owned by Weigant Enterprises Limited (Cyprus), with Valeriy Kiptyk and Ruslan Shostak as ultimate beneficiaries. In 2023, Omega’s revenue amounted to UAH 17.51 billion, which is 20% higher than in 2022, and net profit amounted to UAH 200 million, which is 69.5% higher than in 2022.

The first store of the chain was opened in 2003 in Dnipro, and the total number of its stores is 109 in different cities of Ukraine and a DarkStore in Kyiv.

The chain operates in several formats: classic supermarkets, To Go stores and the varus.ua conscious shopping service.

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McDonald’s opens another restaurant in Odesa

FDI McDonald’s Ukraine Ltd, which develops the McDonald’s fast food chain in Ukraine, opened its tenth restaurant in Odesa on Friday at 2a Simon Litman Street, the fourth project in cooperation with a gas station and the first in cooperation with OKKO filling station.

“With today’s opening in Odesa, the company (…) is gradually increasing the number of restaurants in large cities,” the company’s press service quoted Vitaliy Stefurak, McDonald’s Development Director in Ukraine, as saying.

The new McDonald’s is located in a residential area near the entrance to the city from the M-05 Kyiv-Odesa highway. The new McDonald’s in Odesa is the fourth restaurant of the chain to be located directly on the territory of a gas station and the first project implemented in cooperation with OKKO filling station. Earlier, McDonald’s opened two restaurants in cooperation with KLO and one restaurant in cooperation with WOG. Another restaurant is currently under construction in cooperation with OKKO in Mukachevo (Zakarpattia region).

This location became the 103rd operating restaurant of the chain in Ukraine out of 118. The first McDonald’s restaurant in Ukraine was opened on May 24, 1997 in Kyiv.

As reported, on September 20, 2022, McDonald’s began a phased opening of restaurants in Ukraine. By February 24 of the same year, the chain had 109 restaurants in 24 cities across the country. As of August 2024, 103 restaurants are operating, and the chain has 118 restaurants.

At the end of 2023, it increased its revenue by 3.9 times compared to the previous year, to UAH 12.9 billion, according to Opendatabot. According to the financial results for 2023, the company’s net profit amounted to UAH 1.29 billion, compared to a loss of UAH 2 billion in 2022. The number of employees in 2023 increased by 7% to 9,614. According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the participant of FDI in McDonald’s Ukraine Ltd. is MCD Europe Limited (100%, London, UK).

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Traffic on Kyiv-Odesa highway is temporarily blocked

A bridge has collapsed on the Kyiv-Odesa highway near Uman, blocking traffic in the direction of the capital, according to the Telegram channel of the Advisor to the Minister of Internal Affairs Anton Gerashchenko.

According to the Cherkasy region police, a truck “demolished” a pedestrian bridge, which collapsed onto the roadway. Information about the victims is being clarified, the statement said.

It is specified that the traffic in the direction of Kyiv is temporarily blocked. Patrol policemen organized traffic in the reverse mode.

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JYSK opens two stores in Odesa and Poltava

The international chain JYSK is opening two stores: a new one in Odesa in the Mercury shopping center (99v Semena Palia Street) and an updated one in Poltava in the Kyiv shopping center (6/1a Zinkivska Street), the retailer’s press service reports.

“Despite all the challenges, anxieties, and even power outages, JYSK is expanding its network to 96 stores in Ukraine. I would like to thank the team of both stores for their work!” says Country Director of JYSK Ukraine, Yevhen Ivanitsa, commenting on the opening.

In the renovated store in Poltava, the sales area (from 900 to 1150 square meters) and warehouse area (from 225 to 309 square meters) were increased, office space was renovated and a separate room for employees was created.

The store opened in Odesa is the sixth JYSK store in the city. It has a selling area of 1078 square meters, a warehouse of 247 square meters, and an office space of 40 square meters.

Both stores are part of the 3.0 concept, which includes better spot lighting, more modern design and a more comfortable zonal arrangement of goods for customers.

The company has already announced the opening of its seventh store in Odesa in the fall in the Rodos shopping center. The candidate cities for the 100th store are also known. It will be either Kalush or Kryvyi Rih in August.

Currently, there are 96 stores and the jysk.ua online store in Ukraine. By the end of 2024, the plan is to reach 100 stores.

JYSK has more than 800 employees in the country.

JYSK is part of the family-owned Lars Larsen Group with more than 3.4 thousand stores in 48 countries.

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

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JYSK plans to open two stores in Odesa

The international chain JYSK plans to open two new stores in Odesa this year, according to JYSK Country Director in Ukraine Yevhen Ivanitsa.

“Odesa, Arcadia, Rodos shopping center. This is where the seventh JYSK store in the southern capital of Ukraine will open in the fall. Currently, there are five JYSK stores in Odesa. The sixth JYSK will open in the summer in the Mercury shopping center,” he said on Linkedin.

Currently, there are 95 stores and the online store jysk.ua in Ukraine. The plan is to reach 100 stores by the end of 2024.

JYSK has more than 800 employees in the country.

JYSK is part of the family-owned Lars Larsen Group with more than 3.4 thousand stores in 48 countries.

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

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Odesa-based Bloomi has increased production by almost 40%

Blumi LLC (Odesa), a manufacturer of sanitary and hygienic paper products under the Snow Panda brand, produced products worth UAH 149.6 million in January-April, up 38.5% compared to the same period in 2023. According to statistics provided by Ukrpapir Association to Interfax-Ukraine, in physical terms, in particular, the production of toilet paper increased by 31.5% to 18.3 million rolls.

As reported, in just four months, the major manufacturers of sanitary paper products produced 210.6 million rolls of paper, up 10% year-on-year.

Bloomi, which was registered in 2014, produces pulp-based sanitary products (toilet paper, napkins, towels) from imported raw paper. The products are manufactured at the facilities of Omega Brokers PE, one of the leading Ukrainian manufacturers of detergents, disinfectants and sanitary products.

In 2023, the company almost doubled its production volume by 2022 to UAH 367.3 million.

The company is co-owned equally (25% each) by four Odesa-based entrepreneurs.

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