Business news from Ukraine

lifecell opened 48 branded stores in 2023

Mobile operator lifecell opened 48 branded stores in 2023, increasing their total number by 11.4%, the lifecell press service said on Tuesday.

“Over the past year, lifecell has been actively expanding its network of sales outlets and opened 48 new stores in 18 regions of Ukraine, including cities where there were no branded stores before,” the company said in a statement.

According to the report, more than 470 stores have been opened in 247 cities and towns, employing about 1,000 people. In particular, residents of Artsyz, Bobrovytsia, Burshtyn, Vilnohirsk, Horodnia, Horodok, Dolynska, Yelanets, Zhovti Vody, Ivankiv, Irshava, Kamianets-Podilskyi, Kamianets-Podilskyi, Kotsiubynske, Lokhvytsia, Pyriatyn, Pochaiv, Staryi Sambir, Chornobai and Yarmolyntsi now have access to lifecell branded stores.

In addition, it is stated that in 2023 lifecell deepened its cooperation with the postal service Meest Express. According to the report, the mobile operator has equipped all stores with Meest delivery points where such services can be provided.

lifecell is a Ukrainian telecommunications operator with an active 3-month subscriber base of 9.1 million at the end of Q3 2023.

lifecell is owned by Turkcell, Turkey’s largest provider of converged telecommunications and technology services, but Turkcell announced at the end of last year an agreement to sell lifecell and other Ukrainian assets to French investment company NJJ Capital. Later it was clarified that the value of the assets in the deal is estimated at about $525 million.


EVA will invest UAH 200 mln in opening new stores in 2024

The chain of perfumery and cosmetics stores EVA plans to open up to 60 new stores in 2024, with estimated investments in this area amounting to about UAH 200 million.

The company’s press service told Interfax-Ukraine that the focus will remain on the development of the EVA.UA online platform.

By the end of 2024, the company plans to complete the construction of a new warehouse in Lviv, and in 2025, a large-scale logistics center in Odesa.

“We are planning to make them (logistics warehouses – IF-U) automated – with robots. We are still finalizing the necessary investments, but we already see that they will amount to billions of hryvnias. We continue to invest in the EVA business despite the war. Because we believe in Ukraine’s victory and that the country will be restored and people will return home,” the press service quoted Olga Shevchenko, Executive Director of RUSH LLC, as saying.

According to the release, since the beginning of the year, EVA has opened 31 new stores and reopened 29, including nine new stores and five reopened stores in the third quarter. As of the end of the third quarter, the chain has 1,035 operating outlets.

New stores are opened mainly in the Women’s Energy concept, which the chain presented last year in Vinnytsia. There are more than 30 such EVAs in total.

According to Viktor Serednyi, COO of RUSH LLC, there is also a gradual rebranding of existing facilities that need to be updated, but a complete rebranding of the entire chain is not yet in the cards.

“The cost of re-equipping one store to fit the new concept is about UAH 3 million. Opening a completely new store can cost from UAH 5 to 10 million, depending on the size,” he said.

By the end of the year, the company plans to open 26 new EVAs. In particular, a new flagship EVA beauty lab is to appear in the Respublika shopping center. This format will offer more cosmetics and perfumes, a dermatology center, professional hair care series and an expanded category of premium brands.

RUSH LLC, which manages the EVA chain, was founded in 2002. It has 52 own trademarks (OTMs), which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear and children’s products. In 2022, the share of FMCG sales in physical terms was 30.6%. The company employs about 13.4 thousand people.

According to Opendatabot, the owner of RUSH LLC is Korsolyushyn LLC (100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.

According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8 million, while the value of its assets decreased by 2.5% to UAH 10.3 billion. The EVA network’s turnover in 2022 decreased by 7% year-on-year to UAH 15.7 billion.

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Rozetka opens stores in Kramatorsk and Konstantinovka

Ukrainian online retailer Rozetka has opened stores in Kramatorsk and Konstantinovka, Rozetka co-founder Vladyslav Chechetkin told iforum2023 on Thursday.

“Yesterday we opened in Konstantinovka and Kramatorsk. We got stores there,” Chechetkin said.

According to him, before the war Rozetka in the above cities did not have them.

Chechetkin emphasized that the opening of stores in front-line cities is part of the company’s social mission.

“If you look at the map of military operations, you will see what distance from Konstantinovka to the front line is. For us, this means a social mission. Basically, we want to be near our customers, to help the locals who are constantly living in the war and also our military. Thus, we open even in the war zone,” the co-founder added to the Interfax-Ukraine agency.

He noted that Rozetka also operates in Mykolaiv and Kherson, which are regularly shelled by Russian occupation troops. In Kherson, the retailer opened on the third day after the de-occupation, but not all the stores that were there before the war are still operating in the city. In Nikolaev, the work of Rozetka has not stopped, Chechetkin said.

Online electronics and home appliances store Rozetka was founded in 2005 in Kiev by Vladislav and Irina Chechetkin, later the co-owner of the company became a fund managed by Horizon Capital. The company has now transformed itself into a multi-category online marketplace, but is also developing a network of its own stores, which stood at 297 as of February 2023, up from 270 a year earlier. In December 2022, Rozetka’s traffic amounted to 40 million people per month

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Nordic chain of home stores JYSK in April exported furniture from Ukraine for EUR2.11 mln

Scandinavian chain of home stores JYSK in April exported furniture from Ukraine for EUR2.11 mln which is 46.7% more than in April 2022, informed chief director of JYSK in Ukraine Evgeniy Ivanytsya to Interfax-Ukraine news agency.
“We are glad that in April JYSK in general has increased the volume of purchases of goods in Ukraine not only in comparison with 2022, when exported products for EUR 1 million 438 thousand, but also pre-war 2021 with EUR 1 million 704 thousand,” – said Ivanitsa.
As an example, he cited a series of furniture Billund, named after a small town in Jutland, which is produced by “Accord” from Khmelnitsky.
As it was reported, in 2023 chain JYSK opened two new stores, announced the opening of the renovated store in the shopping center “Riviera” in Odessa” and four new stores – in June in Dnepr, Kamensky in Dnepropetrovsk region and Kolomiya in Ivano-Frankivsk region, in July in Kiev.
JYSK is part of the family Lars Larsen Group. JYSK revenue in fiscal year 2021/22 was EUR 4.87 billion.
Today in Ukraine works 84 stores JYSK and online store JYSK staff in Ukraine consists of more than 800 employees.

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“Ukrnafta” plans to open about 100 new stores at its filling stations

PJSC Ukrnafta plans to equip and open about 100 new stores at its filling stations in 2023, the company said in a press release Thursday.
“Among the team’s goals for this year is to equip about 100 new stores at stations and increase the share of non-fuel sales,” the document said.
Ukrnafta said one such store is located at the company’s upgraded station in Kalush, 8a Yevshana St., which was opened by the company.
“At the modernized station expanded the range of services and began work store. Among the assortment: drinks, snacks, accessories for drivers,” – informed in PAO.
The complex is also equipped with an additional generator, a coffee machine and an Internet access point – if necessary, it can operate as an indestructible point.
As we earlier reported, on November 5, 2022, the Supreme Commanders Headquarters decided to confiscate Ukrnafta shares (excluding the controlling interest in Naftohaz Ukrainy) as state property during the martial law period. Before the seizure, the structures of Ihor Kolomoyskyy and Hennadiy Boholyubov owned about 42% of Ukrnafta shares.
“Ukrnafta owns 85 special permits for production of hydrocarbons. On its balance sheet there are 1791 oil and 147 gas wells. The company owns 537 gas stations, of which 449 were operational at the end of December 2022. The rest were either damaged as a result of military operations or were located in the temporarily occupied territories.



Turkey’s fashion retailer LC Waikiki will open the largest store of the chain in Ukraine in River Mall in Kyiv in the first quarter of 2020, and plans to open another 60 stores in the country by 2023.
“In the first quarter of 2020, a two-level store of the Turkish brand LC Waikiki with a total area of 1,880 square meters will open in the River Mall. The store will become the largest in the Ukrainian network of the company,” the retailer said in a press release on Saturday, January 11.
According to the report, the company also plans to open up to 60 new stores in Ukraine. According to information on the retailer’s website, as of January 11, 2020, there were 34 chain stores in Ukraine, in particular in Kyiv, Chernihiv, Zhytomyr, Kharkiv, Lviv, Dnipro, Kryvy Rih, Zaporizhia, Odesa, and other cities.
LC Waikiki is originally a French clothing brand founded in 1988 by two French. In 1997, the brand was purchased by Turkish investors. It is engaged in the production and retail sale of clothing, shoes and accessories for children and adults.
The chain has more than 990 stores in 47 countries and plans to become one of the three most successful clothing dealers in Europe by 2023. In Ukraine it has been operating since 2013.
The LC Waikiki network is developed by Theme Fashion Ukraine LLC (Kyiv), established in 2006.