Business news from Ukraine

GERMAN RETAILER NEW YORKER OPENS STORE IN RIVER MALL TRADE CENTER IN DARNYTSKY DISTRICT OF KYIV

New Yorker Ukraine LLC (Kyiv), which is developing the German clothing and footwear network New Yorker in Ukraine, opens a store in the River Mall trade center at 12 Dniprovska Esplanade in Darnytsky district of Kyiv, thereby expanding the Ukrainian network to ten stores.
According to the press service of the mall, the store will be located on the second floor of the facility and will occupy 1,100 square meters.
The outlet will be the fourth one in Kyiv and the tenth one in Ukraine.
The New Yorker network has been developing in Ukraine since 2011.
According to the company’s website, as of August 22, 2019, the chain had nine stores in Kyiv, Odesa, Lviv, Kharkiv, Kryvy Rih, and Sumy. The New Yorker international chain has more than 1,000 stores in 40 countries.
Ukraine’s banks almost quadruple net profit in Jan-July 2019
KYIV. Aug 22 (Interfax-Ukraine) – Solvent banks in Ukraine in January-July 2019 received UAH 36.7 billion in net profit, which is 3.7 times more than in the same period in 2018, the National Bank of Ukraine (NBU) has said.
According to its data, the income of banks this year increased by 30%, to UAH 141.4 billion, while expenses by 6%, to UAH 104.7 billion.
Based on the previously released data, in July, the net profit of Ukrainian banks grew by 3.8 times, to UAH 5.69 billion: revenues increased by 23.1%, to UAH 20.34 billion, while expenses decreased by 2.5%, to UAH 14.65 billion.
The main factors in the growth of bank profit are the increase in net interest income by 19%, to UAH 46.3 billion, the growth in net commission income by 16%, to UAH 24.7 billion, a positive result from revaluation and from sale and purchase operations (UAH 10.6 billion), a decrease in deductions for reserves to UAH 6.3 billion against UAH 11.6 billion last year.
The NBU expects the sector returns to remain high in 2019.
As reported, in 2018, the banking system’s profit reached a historic high of UAH 21.7 billion.

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SPANISH INDITEX TO OPEN SEVEN STORES IN RIVER MALL IN KYIV

The Spanish retail operator Inditex Group will open seven new stores of the chain with a total area of 7,400 square meters in the River Mall trade center at 12 Dniprovska Embankment in Darnytsky district of Kyiv.
According to the press service of the shopping center, the new facilities include the country’s largest two-storey Zara store with an area of 3,500 square meters, Zara Home (529 sq m), Massimo Dutti (678 sq m), Pull & Bear (798 sq m), Oysho (408 sq m), Bershka (932 sq m), and Stradivarius (557 sq m).
In general, by the end of 2018, Inditex Group had 65 stores in Ukraine, in particular, such brands as Pull & Bear (14), Zara (9), Zara Home (2), Massimo Dutti (6), Bershka (14), Stradivarius (12), Oysho (7), and Uterque (1).
As reported, Inditex plans to launch online sales of the Zara brand in Ukraine in the fall and winter of 2019.
According to the company’s report, the pretax profit of Inditex in the country in 2018 amounted to EUR28 million.
Inditex Group was founded in 1963. It unites more than 7,000 stores in 91 countries under the brands Zara, Zara Home, Oysho, Massimo Dutti, Bershka, Pull & Bear, Stradivarius, and Uterque.
In Ukraine, Inditex Group has been represented since 2008. At the end of 2016, Inditex presented its first Uterque brand store in the Ukrainian market in the Gulliver trade center.

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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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RIVER MALL SHOPPING AND ENTERTAINMENT CENTER IN KYIV

Vilna Ukraine news agency LLC (Kyiv), owned by the former owners of Aval Bank, on August 8 opened the new River Mall shopping and entertainment center with a total area of 140,000 square meters at 12 Dniprovska Embankment in Darnytsky district of Kyiv.
According to Colliers International (Ukraine), an exclusive broker of the shopping and entertainment center, its concept was developed by the Archpassage Ukraine architectural group together with the international architectural company ChapmanTaylor.
The rental area of the mall is 64,000 square meters. The complex includes a shopping center (55,500 sq m), multi-level ground and underground parking lots for 1,550 cars, as well as a business center and an aqua park. The co-owner of the mall, Serhiy Vovchenko, earlier told Interfax-Ukraine the opening of the water park is planned for summer 2020.
The Planet Kino cinema with an IMAX hall began operating in River Mall on August 1.
River Mall consists of five levels: three on the ground, with shops, a cinema and a food court, and two underground with a parking lot and a supermarket.

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NEW CINEMA OF PLANETA KINO NETWORK TO OPEN IN KYIV’S RIVER MALL TRADE CENTER

The opening of a new cinema of the Planeta Kino network in the River Mall shopping and entertainment center on Dniprovska Embankment in Kyiv is scheduled for August 1, Dmytro Derkach, the co-owner of the chain, said on Facebook. “Many of you ask me when is the opening in River Mall. Now I can answer – in a week, on August 1 (if no force majeure happens). Our cinema and the entire mall were ready to open for almost a month, but state agencies did not issue the necessary documents. Yesterday we received everything,” Derkach said.
He told Interfax-Ukraine the cinema will be the first facility to open in River Mall. “Most likely, we will be the only one who will open in the mall, stores will open from August 8,” he said.
Triumph Media Group LLC is developing the Planeta Kino network of cinemas. According to the unified state register, the owner of the company is Moviemax Limited (Cyprus), the ultimate beneficiaries are Dmytro Derkach and Andriy Shpyh. The charter capital is UAH 43 million.
The Planeta Kino network as of July-2019 had seven cinemas in Kyiv, Odesa, Lviv, Kharkiv, and Sumy. This year it is planned to open new cinemas in the Apollo shopping center (Dnipro), the River Mall shopping center and the Ocean Mall trade center (Kyiv).

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ADIDAS-UKRAINE TO OPEN STORES AT RIVER MALL TRADE CENTER IN DARNYTSKY DISTRICT IN KYIV

Adidas-Ukraine has rented 600 square meters of space for two stores in the River Mall shopping and entertainment center being under construction in Darnytsky district in Kyiv.
The press service of the River Mall trade and entertainment center told the Interfax-Ukraine news agency the Adidas shop will be almost 412 square meters, the Reebok store will occupy 186 square meters.
Both stores will open in new concepts for Ukraine: the design of the Adidas store will be in accordance with the concept of Stadium, and Reebok in the FitHib 2.0. concept that is new for Europe.
The facilities will be located on the second floor of the River Mall shopping center in the area of sporting goods and panoramic elevators.
“The range of goods in the stores will include modern sportswear for professional sports and outdoor activities, a total of more than 300 items,” the company said.
Adidas-Ukraine was founded in 1996. It is engaged in the sale of goods for sports.
The owner of the company is Adidas AG (Germany).
The opening of the River Mall trade enter is scheduled for May 2019. The anchor tenants will be Inditex Group stores, a Silpo supermarket chain, a Planeta Kino cinema with IMAX, and a Papashon entertainment center. The specifics of the project will be a food court and an event area with an open terrace and a view of the Dnipro River.

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