Poland’s fashion retailer LPP Group, which manages the Reserved, Cropp, House, Mohito and Sinsay brands, in January-June 2019 saw a 29.3% rise in sales in Ukraine year-over-year, to PLN 194.2 million (around $49.7 million). According to the company’s financial statements, LPP total sales revenue for six months grew by 11.3%, exceeding PLN 4 billion (about $1 billion). At the same time, one of the highest sales growth pace was recorded in Ukraine.
In the first half of the year, LPP revenue abroad exceeded domestic revenues, being PLN 2 billion (49.6% of the group’s total sales). The largest volumes of foreign sales are in Russia (17.9%), the Czech Republic (5%), Ukraine (4.8%) and Romania (4.0%). Thus, the Ukrainian market for the Polish retailer remains the fourth largest in the income structure.
According to the results of the reporting period, all LPP brands showed an increase in like-for-like sales. The highest growth was seen in the stores House (double-digit) and Sinsay.
In the second half of 2019, the group plans to launch an online store in Ukraine and for all EU countries. According to the report, thanks to the launch of e-commerce in these markets in 2019, the revenue of the online channel will exceed PLN 1 billion.
PJSC Fozzy Group (Vyshneve, Kyiv region), part of Fozzy Group trade and industrial group, intends to raise UAH 1.94 billion and increase its charter capital by 15 times, to UAH 32 million from UAH 2 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, the corresponding decision was made at an extraordinary general meeting of shareholders on October 31, 2018.
The company plans to place 30 million common registered shares, which exceeds 25% of its charter capital, with a nominal value of UAH 1 per share due to additional contributions. The placement price is UAH 64.88 per share. According to the company, the funds raised as a result of private share placement are to be invested in the corporate rights of wholesale and retail enterprises. PJSC Fozzy Group was established in 2005. Its core business is the activities of holding companies. Currently, the charter capital of PJSC Fozzy Group is UAH 2 million.
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.
Fozzy-Food (Vyshneve, Kyiv region), part of the Fozzy Group (Kyiv) and earlier developing the Silpo supermarket chain, saw UAH 138.6 million of net profit in 2017, while in 2016 the company saw UAH 436.3 million of net loss.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, net revenue last year plunged by 98.6%, to UAH 492.3 million (the same as net revenue for January-September 2017).
Gross profit in 2017 plunged by 814%, to UAH 8.3 million (the same as gross profit for January-September 2017). Operation loss fell by 68.8%, to UAH 63 million.
Uncovered loss fell by 3%, to UAH 2.55 billion, and current liabilities – by 84,9%, to UAH 1.5 billion, while noncurrent liabilities – by 98.5%, to UAH 34.4 million.
Fozzi-Food LLC, a structural unit of the Fozzy Group, was registered in December 2002. Previously, it was engaged in the development of the Silpo supermarket chain in Ukraine.
As reported, Silpo-Food LLC (Kyiv) is developing the Silpo network now.