Business news from Ukraine


5 July , 2022  

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