Business news from Ukraine

SCHWARZ GROUP IS ENTERING UKRAINIAN MARKET AND DEVELOP LIDL FOOD RETAIL CHAIN

Schwarz Group is entering the Ukrainian market and will develop the Lidl food retail chain, the German edition Lebensmittel Zeitung reported, citing an internal letter from the company.
As follows from the internal letter from Schwarz, 47-year-old Adam Miszczyszyn will deal with Lidl’s entering Ukraine. The document on his appointment as Country Manager for Lidl in Ukraine was signed by Lidl CEO Gerd Chrzanowski and Procurement Director Tim Bork.
Schwarz Group, with 500,000 employees, is one of the world’s leading retail companies.
The company is headquartered in Neckarsulm, Germany. The main food retail brands are Lidl and Kaufland. The group also includes food production Schwarz Produktion and waste disposal, sorting and recycling company PreZero.
According to the official website of the company, it operates 12,900 stores in 33 countries, with revenues in 2020 of EUR125.3 billion, which is 9.6% higher than in 2019. Kaufland increased store sales by 7.5%, to EUR 25.5 billion, Lidl increased sales by 9.9%, to EUR96.3 billion, PreZero grew by 33.7% in 2020 and brought in about EUR 700 million from waste treatment.

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