Business news from Ukraine

Ukrainian bakery chain opens its first location in Bratislava

18 June , 2024  

The Ukrainian bakery chain Lviv Croissants has entered the Slovak market and opened its first outlet in Bratislava, the company’s website reports.

According to the report, the first Slovakian Lviv Croissants opened in the center of the Slovak capital, at 13 Hviezdoslavovo náměstí.

“This is the old town, so there are always a lot of locals and tourists here,” the company said.

Lviv Croissants is a Ukrainian international franchise restaurant chain founded in 2015. It specializes in making croissants and has 160 locations in Ukraine and 11 in Poland. The company intends to open a restaurant in the United States and is already in negotiations. It is part of the Fast Food Franchising Group.

Fast Food Franchising Group LLC was founded in 2015 in Lviv.

The company’s net loss in 2023 amounted to UAH 598.3 thousand compared to UAH 483 thousand of net profit a year earlier. Last year, the company’s revenue increased by 55.1% to UAH 6.939 million, its debt obligations increased 9.7 times to UAH 188.9 thousand, while its assets decreased by 19% to UAH 1.89 million.

The company’s beneficiaries are PE Firm Infobud, which owns 50% of the shares, Yevhen and Andriy Galitsky (20% each), and Yuriy Zagrodsky (10%).