Business news from Ukraine

UKRAINIAN SUPERMARKET CHAIN “SILPO” RECORDED A FOURFOLD INCREASE IN SALT SALES IN JUNE

In June, the Silpo supermarket chain recorded a fourfold increase in sales of salt, 3.5 times soda, three times vinegar, and twice as much sugar as compared to June last year, the retailer’s press service reported.

As noted in the release, the excitement for these categories of goods was caused by a chain reaction after the news about the suspension of the work of the Artemsol enterprise in the Donetsk region. In particular, despite the fact that simultaneously with the suspension of the Silpo enterprise, sufficient volumes of salt were brought to Ukraine from Poland, Romania, Turkey and Bulgaria, the demand for salt quadrupled, and the very possibility of its shortage triggered an increase in demand for other social goods.

In June, sales of soda increased by 2.5 times, which Silpo delivers mainly from Turkey.

Certain interruptions in the supply of vinegar were observed in early June. There are two large vinegar producers in Ukraine, they depend on the supply of acetic acid from abroad, but they managed to establish supplies and stabilize the situation.

The sale of sugar has doubled. The supermarket chain coped with the increased demand by increasing the supplies of Ukrainian sugar producers.

The Silpo chain, which is part of the Fozzy Group, consists of 325 supermarkets in 60 cities of Ukraine and four Le Silpo deli markets in Kyiv, Dnipro, Kharkov and Odessa.

Fozzy Group is one of the largest Ukrainian retailers with more than 690 outlets throughout the country. 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.

According to Opendatabot, the founder of Silpo-Food LLC is PJSC Closed Non-Diversified Venture Corporate Investment Fund Retail Capital (100%, Kyiv), Vladimir Kostelman is the ultimate beneficiary.

According to the results of January-September 2021, Silpo’s trade turnover amounted to UAH 42.1 billion. “Club of Experts” has previously analyzed the shortage of salt in Ukraine and the impact of salt on the human body. For more details, see the video on the YouTube channel of the “Club of Experts” at the link

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SILPO LAUNCHES BEERMASTER BREWERY

Silpo, one of the largest Ukrainian supermarket chains, has opened a Beermaster Brewery craft brewery with a capacity of up to 130,000 liters per year in the Respublika Park shopping center in Kyiv.
As stated in a press release from the company on Friday, Beermaster Brewery Pub has opened as part of the brewery, which will regularly host presentations of freshly brewed beer and new varieties, and tours of the brewery itself.
According to the announcement, the new brewery will brew a wide range of beers, from classic wheat ales, milk stouts and pilsners to experimental beers infused with chocolate, spices, fruits and vegetables.
The team of brewers is led by Chef Viktor Vashchuk, who has over 20 years of experience in the industry. A number of collaborations with renowned brewers from the United States, Belgium and the Netherlands are planned for 2022, the company said.
The produced craft beer will also be sold in the Silpo supermarket chain.
The company said that the start of its own production of beer is a logical and consistent step for the chain, as it has been actively expanding the range of beer from around the world for more than ten years, in particular, Ukrainian and foreign craft.
The release does not specify the amount of investment in the project.
The Silpo network includes 325 supermarkets in 60 cities of Ukraine and 4 Le Silpo markets in Kyiv, Dnipro, Kharkiv and Odesa.
Silpo is part of the Fozzy Group, which also develops the restaurant business. It currently includes six establishments.

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