Business news from Ukraine

FOXTROT HOUSEHOLD APPLIANCES TO INVEST UAH 150 MLN IN RESTYLING OF STORES IN 2018

2 February , 2018  

The Foxtrot Household Appliances network of household appliances and electronics, part of the Foxtrot group of companies (Kyiv), seeks to invest some UAH 150 million in restyling of 40 stores in 2018, the company’s press service has reported.
“Our plans for this year are to modernize all flagship stores. These are over 40 stores. Next month we will start upgrading first stores,” Foxtrot Household Appliances Executive Director Viacheslav Povroznik said.
Commercial Director Tetiana Moiseyenko said that the new concept foresees the division of the retail area into category sectors depending on the groups of goods. The company also plans to hold master classes and events for visitors.
The first restyled Foxtrot store was opened on January 25, 2018 in the GorodOK shopping center in Kyiv. Its retail area is 1,300 square meters.
In addition, Foxtrot plans to open up to 10 new stores in 2018, the press service said.
The network as of January 2018 had 158 supermarkets in 90 cities and towns of Ukraine with a total retail area of 151,000 square meters.
Foxtrot Group LLC was registered in 2004.
According to the unified pubic register, the ultimate beneficiary of the company is Ivor Omson (Seychelles).