Business news from Ukraine

H&M STORES COULD BE OPENED IN KARAVAN MALL IN KHARKIV, DNIPRO

DCH Infrastructure and Real Estate (DCH I&RE), part of businessman Oleksandr Yaroslavsky’s DCH Group, is negotiating with Sweden’s retailer H&M on the opening of stores in regional shopping and entertainment centers Karavan in Kharkiv and Dnipro.
DCH I&RE CEO Daniil Vladov said in an interview with Interfax-Ukraine that it is inexpedient to attract H&M store to the Karavan mall in Kyiv, as the mall will be gradually reformatted into an outlet center.
“The H&M brand does not enter the outlet format. At the moment, they do not need this format, and they do not have it as such. We are negotiating with them, and I think they will enter our regional projects in Kharkiv and Dnipro,” Vladov said, commenting on a possibility of attracting H&M to the pool of the new outlet center as a result of changing the concept of the Karavan shopping and entertainment center in Kyiv.
DCH Infrastructure and Real Estate plans on June 1, 2019 to partially close the Karavan shopping and entertainment center in Kyiv located at 12, Luhova Street for a phased reformatting of the facility into an outlet center.
DCH Infrastructure & Real Estate is the management company of the Karavan retail and entertainment centers network in Kyiv, Kharkiv, and Dnipro. It functions as the development division of the DCH Group of Yaroslavsky, whose range of investment interests includes construction and development, finance, industry, mining, engineering, metallurgy, transport, and other spheres.

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H&M OPENS SECOND STORE IN UKRAINE IN KYIV’S SKY MALL

Sweden’s retailer H&M on Thursday opened its store in the Sky Mall in Kyiv, expanding its Ukrainian chain to two stores.
The company’s press service reported that the area of the store is 2,500 square meters.
As reported, the first H&M store in Ukraine with an area of 3,000 square meters was opened on August 18 in Kyiv’s Lavina Mall.
The H&M Group has 47 online marketplaces and over 4,700 stores on 69 international markets jointly with the stores operating under franchise contracts.
According to the unified public register of companies and individual entrepreneurs, the ultimate beneficiary is Stefan Persson (Sweden). The charter capital is UAH 696,900.

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SWEDEN’S RETAILER H&M, FIRST LASER IMAX CINEMA IN UKRAINE TO BE LEASERS OF OCEAN MALL IN KYIV

A store of Sweden’s retailer H&M, the first laser IMAX cinema and the Silpo food hypermarket will be leasers of the Ocean Mall, which opening is scheduled for late summer 2019, CEO of NAI Ukraine, the broker of the shopping center, Vitaliy Boiko has said. “The shopping center is a five-story building, where the Silpo food hypermarket and IKEA will be located at the first floor. Three floors will be retail galleries, where H&M and Inditex will be presented as well. The large entertainment zone will be over 30,000 square meters with virtual and expanded reality… The important element is the first laser IMAX cinema – the third in Europe, which will be opened jointly with Planeta Kino,” Boiko said at a press conference on Wednesday.
He said that the center with a gross area of 300,000 square meters will have 400 stores.
Boiko said that under the Ocean Mall project the investor is financing construction of an additional transport hub, which would allow unloading the Lybedska Square in Kyiv.
An electric train station will also appear near the Ocean Mall. Ocean Mall is part of the chain of shopping and entertainment centers of Vagif Aliyev. As of October 2018, he owns the following shopping centers in Kyiv: Mandarin Plaza, Lavina Mall and Blockbuster Mall, including those under construction Ocean Mall, Lesnaya Mall and Hippodrome Mall. Aliyev also owns Parus Business Center and the Diamond Hill residential complex.

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SWEDISH OWNER OF THE CLOTHING CHAIN H&M WILL OPEN SECOND STORE IN UKRAINE IN OCTOBER

The Swedish owner of the clothing chain Hennes & Mauritz AB (H&M) will open a second store in Ukraine in October, H&M’s Ukraine Country Manager Dominique Fantaccino has said. “The first store with an area of 3,000 square meters will be opened tomorrow August 18 at Lavina Mall, and the second one at Sky Mall in October. We are sure that Ukraine is a large market and we will explore other locations in Kyiv and other big cities,” she said at a meeting with the press on Friday.
According to H&M CEO Fredrik Olsson, the company is also considering opening street retail outlets in Ukraine.

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SWEDISH CLOTHING CHAIN H&M TO ENTER UKRAINE

The Swedish owner of the clothing chain Hennes & Mauritz AB (H&M) plans in August 2018 to open the first store in Ukraine in the Lavina Mall trade and entertainment center. “We are extremely happy to finally open our first store in Ukraine! It is a great honor for us to bring style and conscious shopping to Kyiv and inspire fans of fashion for self-expression,” H&M CEO in Ukraine Dominique Fantaccino said.
According to the report, the total area of the outlet will be 2,900 square meters. It will include collections of fashionable clothes, as well as household goods under the H&M Home brand.
H&M was founded in Sweden in 1947. In addition to the H&M brand, the retailer also develops other fashion brands: COS, Monki, Weekday, Cheap Monday, Other Stories and H&M Home, as well as ARKET. The H&M group of companies has 47 online platforms and more than 4,700 stores, including franchising, in 69 international markets. In 2017 the company’s sales amounted to SEK 232 billion (including VAT).

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