Svetofor, a fast-growing Russian discount supermarket chain, plans to open 40 stores in Ukraine in the second half of this year

Wednesday, June 16, 2021

, Artem Khomenko, Ukraine director for Mere, the Svetofor brand, told reporters. The first store is to open this week in Mykolaiv. To cut costs, the Mere places its products on pallets, rather then shelves. It claims to spend an average of $18,000 to open each store, 1% the amount spent by ATB, Ukraine’s largest supermarket chain. Alexei Danilov, secretary of Ukraine’s National Security and Defense Council, vowed yesterday to block the Russian chain, asking reporters: “The emergence of a Russian discount here, how is it even possible?”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post

UIA is closing its offices in Beijing and Moscow in cost-cutting moves

Next post

Ukrainians received about $400 million in profit from bitcoin investments, ranking 10th highest in the world,

Previous Main Topics