Business news from Ukraine

SWEDISH H&M TO OPEN SIXTH STORE IN KIEV

Swedish fashion retailer H&M will open its sixth store in Kyiv on December 10 in the Respublika Park shopping and entertainment center, the press service of the retailer reported.
“We are pleased to announce the opening of an H&M store in the Respublika Park shopping and entertainment center. By increasing the number of outlets in Ukraine, we continue to provide the best customer experience and follow our constant principle – fashion and quality at the best price with care for the environment,” Regional Manager of H&M in Ukraine and Eastern Europe Mehmet Arisoy said.
The store with a total area of about 2,200 square meters is made in a new brand concept with the least impact on the environment. The materials used in the interior are more environmentally friendly, and the lighting with the most modern LED technologies, combined with an innovative ventilation system, reduces the store’s carbon footprint by 40%.
The H&M store will present clothes for the whole family. On the day of its opening, there will be a special offer – discounts up to 50%.
“The opening of H&M in the Respublika Park shopping and entertainment center is an opportunity to become even closer to our customers. I am sure that due to its location in a dynamically developing area of the Ukrainian capital, as well as the innovativeness and attractiveness of the shopping and entertainment center itself, the new store will very soon become a favorite shopping destination for Kyiv residents,” Olha Oliynyk, PR & Marketing Manager of H&M in Ukraine, said.
As of November of this year, the H&M chain in Ukraine has eight outlets: five in Kyiv, one each in Odesa, Kharkiv and Lviv.
The Swedish company Hennes & Mauritz AB (H&M), the owner of the second largest clothing store chain in Europe, opened the first store in Ukraine in 2018.
H&M Hennes & Mauritz LLC was established in 2013. According to the data of the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary is Stefan Persson (Sweden).

, ,

UKRAINE TO RECEIVE REFRIGERATION EQUIPMENT TO STORE VACCINES

Ukraine, with financial support from the U.S. government, will receive $2.8 million worth of refrigeration equipment for storing COVID-19 vaccines at primary health care facilities and when using by mobile teams.
According to a press release from UNICEF, which supplied the equipment, funds for the purchase of the equipment were provided by USAID.
Some 3,100 vaccination points, 1,034 of which operate on the basis of primary health care facilities, and 800 mobile teams, will receive equipment.
The equipment includes 5,643 thermal containers, 8,100 thermal bags, 197,730 ice packs and 27,486 temperature monitoring devices.
The first batch of equipment was delivered on September 30 and includes 2,700 thermal bags in which COVID-19 vaccines can be stored at temperatures from +2 to + 8 ° C.
In the future, this equipment can be used for the transportation and storage of vaccines provided for by the national immunization schedule.
Currently, USAID has allocated about $10 million to support vaccinations in Ukraine and donated almost $2.2 million of COVID-19 vaccines to Ukraine as part of the COVAX mechanism.

, , ,

SPANISH BRAND BIMBA Y LOLA OPENS SECOND STORE IN UKRAINE

The first in Ukraine store of the Spanish brand of women’s clothing and accessories Bimba Y Lola with an area of 74 square meters opened in the Ocean Plaza shopping and entertainment center (Kyiv), the press service of the mall has told Interfax-Ukraine.
Founded in 2005 by the Dominguez sisters, premium family brand Bimba Y Lola is known for bold prints, fancy cuts and vibrant palettes.
Currently, there are 269 stores of this brand in the world.
Earlier, the Bimba Y Lola brand in Ukraine was represented by a small corner in the Kyiv TsUM (Central Department Store).

, ,

HORIZON CAPITAL INTENDS TO GAIN CONTROL OVER CYPRIOT COMPANY OWNER OF AVRORA SOCIAL STORE NETWORK

Cypriot Dealbeta Investments Limited, created by Emerging Europe Growth Fund III (EEGF III) private equity fund managed by Horizon Capital, intends to gain control over the Cypriot company Avroretail Investments Limited, the owner of the Avrora social store network.
According to the website of the Antimonopoly Committee of Ukraine (AMCU), the relevant issue was included in the agenda of the commission’s meeting on June 24.
According to the report, Dealbeta Investments has already entered into a shareholder agreement with the citizens of Ukraine and Avroretail Investments, which contains provisions on concerted actions and restrictive obligations for a period of five years.
According to the state register, Avroretail Investments, registered in March of this year, in April became the owner of Prior Investments LLC (Scherbany village, Poltava region) with Seven A LLC (Poltava) instead of the co-owner of the Avrora chain, Poltava businessman Lev Zhidenko, and Vyhidna Pokupka LLC (Poltava) instead of Zhidenko (who owned 33.74%), Taras Panasenko (56.75%) and Lesia Klymenko (9.49%). Promyslova 9 LLC (Vinnytsia), which belonged to Zhidenko and Panasenko on a parity basis, was also registered for Avroretail.
Vyhidna Pokupka LLC (until May of this year – Lafesta) last year increased its revenue 2.4 times, to UAH 1.011 billion, and net profit – 2.2 times, to UAH 55.9 million.
According to the information on the website of the Avrora chain, its stores operate in almost all regions of Ukraine in the One Dollar Store format.

, , ,

FRENCH DECATHLON TO OPEN STORE IN ODESA

Decathlon Ukraine in June will open a store in the Riviera shopping center (Odesa) with an area of about 3,000 square meters, director general of the company Florent Guieu said in an interview with the Interfax-Ukraine agency.
“We are opening in the Riviera shopping and entertainment center in Odesa in June. There are about 3,000 square meters. Today it will be the largest store in the chain in Ukraine,” he said.
According to him, Decathlon Ukraine intends to open stores in all major cities. Locations in Lviv, Dnipro, Kharkiv, as well as two or three sites in the capital are being actively discussed. We are considering premises with an area of 2,000-3,000 square meters in locations with good transport links.
“Our requirements for the capital involve location not far from the metro. At the same time, we are extremely attentive to the quality of the project and the quality of the partner – our values must coincide,” Guieu explained.
According to him, at least two more Decathlon Ukraine stores will be opened next year. “But I will want to open all four. We also have many projects at the concept stage,” he added.

, ,

H&M TO OPEN FIRST STORE IN KHARKIV

Swedish retailer H&M will open its first store in Kharkiv in May 2021 in new Nikolsky shopping mall, expanding its chain in Ukraine to six outlets, the retailer’s press service said.
The total area of the store is 2,100 square meters, of which about 1,700 square meters are shopping area. This is the sixth store of the chain in Ukraine and the first outside the Ukrainian capital.
“We see a high interest in the H&M brand in the regions and therefore are pleased to announce the opening of a store in Nikolsky shopping center in Kharkiv. I am sure that Kharkiv residents will appreciate both a wide range of goods and a modern store concept,” H&M Ukraine CEO Dominik Fantachino said.
According to H&M, the space of the store will differ from other stores of the chain in Ukraine with an updated interior concept. Buyers can expect a wide range of women’s, men’s, teenage and children’s clothing.

, ,