Business news from Ukraine

Business news from Ukraine

Reebok leaves Ukrainian market, last stores will close in spring

Sports retailer Reebok is leaving the Ukrainian market, with the last stores in the chain set to close in the spring, according to Forbes Ukraine.

According to the publication, the Reebok store in Kyiv’s Sky Mall shopping center will remain open until May 8, 2026, and the store in the Retroville shopping center will remain open until the end of the sale.

Market experts told Forbes that the sports brand’s exit from the Ukrainian market continues the trend of large Turkish chains English Home, Koton, DeFacto, and FLO closing.

At the same time, Ukrainian sports retailers may compete for the right to develop the Reebok brand, the publication notes.

According to Opendatabot, the net income of Flo Ukraine LLC, which develops the Reebok chain in Ukraine, amounted to UAH 84.4 million for the first three quarters of 2025, while losses reached UAH 48.5 million.

, ,

Umanpivo has opened new branch in Bila Tserkva for direct product deliveries

The Umanpivo brewery (Cherkasy region) has expanded its logistics network and opened a new 2,000 sq m branch in Bila Tserkva, according to the company’s press service.

According to the report, this is the company’s third representative office in Ukraine after facilities in Uman and Vinnytsia. The company purchased a ready-made warehouse for the branch, which it converted to suit the specifics of the business. The new unit includes offices, a warehouse, and its own vehicle fleet. Five brand stores have already begun operating in Bila Tserkva.

The branch will provide direct deliveries to retail outlets in the region from Uman to Kyiv, including the city of Bila Tserkva itself, satellite cities, and surrounding areas.

“Our goal is to provide consumers with a full range of products. The branch gives retail outlets the opportunity to work directly without intermediaries,” said Igor Kisel, CEO of Umanpivo.

Umanpivo LLC was founded in 1998 in Uman (Cherkasy region). The company specializes in the production of beer, malt, cider, and non-alcoholic beverages, as well as the cultivation of grain and spice crops. The manufacturer’s range includes more than 40 types of beverages, including classic beer and experimental craft varieties such as tomato beer and “Spicy Mango” flavored beer, as well as ciders and lemonades.

According to Opendatabot, the brewery incurred a net loss of UAH 16.5 million in 2024, with revenues of UAH 998.5 million. Its debt obligations amount to UAH 567.3 million, while its assets are estimated at UAH 858.8 million. Revenue growth to UAH 1.45 billion was forecast for 2025. The company’s authorized capital is UAH 300 million.

The beneficiaries of the company are Ihor Kysil (58%) and Maria Kysil (42%).

, ,

Agromat has opened its fifth store in Lviv, covering area of 800 square meters

The national chain of tile and sanitary ware stores Agromat LLC (Kyiv) is opening its fifth store in Lviv in the VAM shopping center at 100 Ivana Vyhovskoho Street, according to the company’s press service.

Its total area is over 800 square meters, with 680 square meters of retail space. The store is already operating in test mode, with the official opening scheduled for February 13-16.

Agromat CEO Stepan Slynchuk, quoted in the press release, noted that visitors will have access to professional support from the moment the store opens: from selecting everything they need for their idea and budget to free 3D visualization of the project.

“We are scaling this quality standard to each new facility (…) To this end, the team is constantly improving its expertise at the Agromat Academy,” he said.

Agromat manufactures and sells ceramic tiles and sanitary ware. The company was registered in 1993. Agromat brings together the professional community through the Club of Architects and Designers (CAD), implements innovations within Agromat.tech, and provides customers with access to the world’s best brands in 33 stores in 21 cities of Ukraine and on agromat.ua.

According to Youcontrol, the co-owners of the company with shares of 28.65% each are Serhiy Voitenko, Oksana Reva, and Anatoliy Tadai, with another 10.05% belonging to Olga Bashota and 4% to Nadiya Rushelyuk.

, ,

Aurora opened 235 stores in 2025, with revenue growing to UAH 58.6 bln

The Ukrainian one-dollar store chain Aurora opened 235 new stores in Ukraine in 2025, with the chain’s revenue amounting to UAH 58.6 billion (including VAT), which is 28.6% more than in 2024, the chain’s CEO Taras Panasenko said on Facebook.

He said that in 2025, more than 12 million customers chose Aurora stores more than 370 million times, and the Net Promoter Score (NPS) rose to 59 points.

“We are strengthening our support for Ukrainian manufacturers: about 50% of our assortment consists of goods from Ukraine, from more than 600 manufacturers, 36 of which export products to 65 Aurora stores in Romania. An important event of the year was also obtaining AEO (Authorized Economic Operator) status, which confirms that the company operates completely “in the white” and according to all the rules,” Panasenko emphasized.

Over the year, Aurora paid more than UAH 8.6 billion in taxes, entering the top 20 largest taxpayers in Ukraine and becoming the largest taxpayer in the Poltava community (UAH 288.4 million in personal income tax). The company’s support for social and charitable projects amounted to UAH 322 million.

“Importantly, we have created the roles of Chief Veteran Officer and Chief Inclusion Officer and are developing veteran and inclusive initiatives as part of our systematic work. More than 140 veterans, including defenders with disabilities, already work at Aurora,” he said.

Aurora was founded in 2011 by Lev Zhydenko, Taras Panasenko, and Lesya Klymenko. By the end of 2025, the chain will have over 1,700 stores in Ukraine and 65 in Romania. The retail chain’s headquarters are located in Poltava.

According to Opendatabot, the owner of Vygidna Pokupka LLC, which develops the chain, is the Cypriot company Aurora Retail Investments Limited, its beneficiary is Lev Zhydenko, and among the owners are funds managed by Horizon Capital.

, ,

JYSK chain raises salaries for employees in Ukrainian stores by average of 15%

The international JYSK chain will raise the salaries of its retail chain employees in Ukraine from February 1, 2026: the salary indexation will average 15% and will cover all store employees, according to Yevgen Ivanitsa, country director of JYSK Ukraine.

“This decision is part of JYSK’s systematic approach to supporting the team, maintaining competitive wages, and investing in the people who provide a high level of service to our customers every day. We value everyone’s contribution and continue to work to create a stable and responsible working environment,” he said on LinkedIn.

Currently, there are 112 JYSK stores in 38 cities in Ukraine, as well as the online store jysk.ua, and the retailer’s network employs over 900 people.

According to the YouControl analytical system, the revenue of JYSK Ukraine LLC in January-September 2025 grew by 24% compared to the same period in 2024, to UAH 5.3 billion, and net profit grew by 22%, to UAH 959 million.

JYSK is part of the family-owned Lars Larsen Group, which has over 3,500 stores in 50 countries. JYSK’s revenue in the 2024/2025 financial year was EUR 6.2 billion.

, , ,

Foxtrot opened five new stores in 2025

Foxtrot, a Ukrainian retailer of household appliances and electronics, opened five new stores and renovated five existing stores in 2025, the company announced on its website.

“During 2025, Foxtrot opened five new stores in Chaban, Brovary, Odesa, Kryvyi Rih, and Kharkiv. At the same time, the company renovated five more retail outlets: in Uzhhorod, Lviv, Khust, Myrhorod, and Kalush,” the statement said.

In addition, the retailer’s online business also grew last year. According to its data, traffic to the online store increased by 46% over the year, and turnover by 76%. Visitor traffic and turnover through the mobile app tripled, the company said.

According to Foxtrot, the number of active customers increased by 11% last year, the frequency of purchases by 3%, and customer retention by 12%. Overall, the company increased its customer base by almost 9% over the year, to 15.1 million.

At the end of 2025, the company had 3,226 employees.

According to the retailer, during 2025, Foxtrot transferred equipment and other resources worth more than UAH 10.2 million to military units, and the total amount of aid since the start of the full-scale invasion of Ukraine by the Russian Federation reached UAH 52.7 million.

Foxtrot is one of Ukraine’s largest omnichannel retail chains in terms of the number of stores and sales of electronics and household appliances. As of early 2026, the company operates 127 stores in 67 cities, the Foxtrot.ua online platform, and the mobile app of the same name.

According to Opendatabot, the revenue of FTD-Retail LLC (Kyiv), which develops the chain, increased by 17.6% in 2024 compared to 2023, reaching UAH 14 billion 882.632 million, but its net profit was lower: UAH 6 million 721 thousand against UAH 314 million 436 thousand, respectively.

In the first nine months of 2025, the company received UAH 12.1 billion in revenue and UAH 167.4 million in net losses.

The founders of the omnichannel retailer Foxtrot are Ukrainian businessmen Gennady Vykhodtsev and Valery Makovetsky.

,