Business news from Ukraine

LARGEST H&M STORE IN UKRAINE TO OPEN IN DREAM TOWN MALL ON JUNE 11

The Swedish Hennes & Mauritz AB (H&M), the owner of Europe’s second largest clothing store chain, plans to open its fourth retail outlet in Ukraine on June 11 – the largest H&M store in the Ukrainian chain will be located in the Dream Town shopping and entertainment center, the press service of the shopping center said last week.
“On June 11, we will open a new store of the Swedish H&M chain, which will be the largest in Ukraine. So there will be a place for all departments: H&M Sport, H&M Mama, H&M +, LOGG and of course the big H&M Home,” Dream Town Director Yemets quoted in a message.
This will be the first H&M opening in Ukraine this year.
As reported, on September 12, 2019, H&M opened a store in the River Mall at 12, Dniprovska Naberezhna Street in the Darnytsky district of Kyiv, expanding the Ukrainian retail network to three stores. Its area was 2,900 square meters.
The Swedish retailer H&M entered the Ukrainian market in 2018, opening the first store with an area of 2,900 square meters in the Lavina Mall shopping center. The second brand store opened in October 2018 in the Sky Mall.

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SWEDISH OWNER OF H&M TO OPEN STORE AT RIVER MALL IN KYIV

The Swedish owner of the clothing chain Hennes & Mauritz AB (H&M) will open a third store in Ukraine at River Mall shopping and leisure center at 12 Dniprovska Naberezhna Street on September 12.
As a press service of River Mall’s broker Colliers International (Ukraine) reported, the two-storey store with an area of 2,900 square meters will be designed in a new interior concept.
According to the broker, H&M Sport men’s collection will be on display in the new store for the first time in Ukraine.

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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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