Active "Epicenter," Fozzy Group's Changing Priorities, and Growing Sinsay: The Top 20 Retail Companies in Ukraine (Combined Revenue – ₴600 Billion)
02.01.2025
The 2023 list of the top 202 businesses includes 91 retail and wholesale trade companies. Five rank in the top 10 largest businesses, and five posted growth exceeding 30% in the first half of 2024 compared to the same period last year. However, some companies experienced declining sales, such as "Auchan Ukraine," which is planning to exit Russia next year while reducing regional business in Ukraine, and "Citrus," whose revenue fell by 55%. The list also features several international and regional chains. Who else remains among the top players in the third year of the war?
1. ATB
Owners: Hennadiy Butkevych, Yevhen Yermakov, Viktor Karachun
CEO: Borys Markov
Revenue: ₴181.1 billion
Profit: -₴0.45 billion
6-Month Revenue (2024): ₴97.6 billion
Revenue Growth (2024): 14%
The largest grocery retailer in Ukraine, ATB, has slowed its growth. Before the full-scale war, it opened about 100 stores annually; in 2024, only two dozen were launched. Ten were reformatted, and six were restored after war damage. As of December 2024, ATB has around 1,240 stores—80 fewer than before the invasion.
Over the past two years, ATB has invested more than ₴700 million in energy security. In May 2024, the company launched an updated app integrating external services like ride-hailing and internet providers. Sales across the network have dropped by an average of 20%, according to the retailer's press service.
Plans include scaling the "Scan-and-Buy" payment service across the network and increasing self-checkout kiosks in stores.
2. Fozzy Group
Owners: Volodymyr Kostelman, Oleh Sotnykov, Roman Chyhir
CEO: Volodymyr Kostelman
Revenue: ₴123.9 billion
Profit: Not disclosed
6-Month Revenue (2024): ₴64.8 billion
Revenue Growth (2024): 3%
In December, Russia destroyed Silpo's frozen food warehouse in the Kyiv region, which housed goods worth ₴400 million. Fozzy Group increased its share of Ukrainian products in the "Tradition Shop" by 20% to 2,400 SKUs in 2024, with a 30% increase in supplier farmers to over 230.
"Silpo's" contribution to Fozzy's revenue dropped from 71% to 67%, while "Fora" grew from 20% to nearly 25%, and "Trash!Trash!" rose from 2.6% to 4.2%.
In March 2024, Fozzy closed its electronics store chain, Ringo. However, it expanded into new sectors, including opening a Doctor Sam medical clinic and co-owning Pampik, a leading online baby goods store.
3. Epicenter K
Owners: Oleksandr Hereha, Halyna Hereha, Tetiana Surzhyk
Revenue (2023): ₴74 billion
Profit (2023): ₴3.4 billion
6-Month Revenue (2024): ₴40 billion
Revenue Growth (2024): 17%
In November, Oleksandr and Halyna Hereha reopened a rebuilt shopping center in Chernihiv, destroyed by Russian missiles in February 2022. Investments exceeded ₴1 billion. Since the invasion, the chain has lost seven centers totaling over 125,600 sq. m. As of December 2024, Epicentr operates 72 centers covering over 2.2 million sq. m.
In 2024, they finalized control of Poland's Intersport chain, expanded "Epicentr Express" stores, and launched over 600 parcel lockers. Plans include developing charging stations for electric vehicles under the E1 brand and building a gas station at the "Kalinivka" logistics center.
4. Rozetka
Owners: Vladyslav Chechotkin, Iryna Chechotkina, Horizon Capital
Revenue (2023): ₴38.2 billion
Profit (2023): Not disclosed
6-Month Revenue (2024): ₴19.8 billion
Revenue Growth (2024): 24%
In June 2024, Rozetka closed its largest offline store near the "Pochaina" metro station in Kyiv. Co-founder Vladyslav Chechotkin stated the location was replaced by dozens of pickup points across Kyiv. With over 500 stores, Rozetka opened approximately 150 new locations in 2024.
The marketplace was again targeted by Russian attacks, damaging part of its Kyiv warehouse. Additionally, it closed a store in front-line Pokrovsk due to combat.
In October 2024, Rozetka faced a new competitor—Monobank launched a marketplace with merchant fees 3–5 times lower than competitors.
5. Comfy
Owners: Stanislav Ronis
Revenue in 2023: ₴27.6 billion
Profit in 2023: ₴0 billion
Revenue for 6 Months of 2024: ₴14.1 billion
Revenue Growth in 6 Months of 2024: 35%
In 2024, Comfy's revenue surpassed $1 billion for the first time. The company captured nearly half of the customers from Eldorado, a competitor whose financial health severely declined last year. Comfy's strategic goal is to consolidate the market. According to company data, it now accounts for nearly 25% of Ukraine's electronics and gadget sales.
Throughout 2024, the retailer opened 10 new stores, mostly in smaller Ukrainian cities, investing ₴300 million in development. Comfy operates 110 stores overall, and its website, Comfy.ua, consistently ranks among the top 5 e-commerce players in Ukraine.
For Ronis, Comfy is a flagship business only in Ukraine. In 2024, his company, Newgate Investment, acquired four retail parks in Poland worth a total of €80 million. The total area of his 33 retail parks in Poland is comparable to Kyiv's Ocean Plaza Mall at approximately 150,000 square meters.
6. Aurora
Owners: Lev Zhidenko, Taras Panasenko, Lesia Klymenko, Horizon Capital
Revenue in 2023: ₴27 billion
Profit in 2023: ₴4.2 billion
Revenue for 6 Months of 2024: ₴16.9 billion
Revenue Growth in 6 Months of 2024: 47%
A year ago, Aurora entered the Romanian market and, as of December, operates 30 stores there. The average transaction value in Romania is 30% higher than in Ukraine, although the international business has yet to turn profitable.
In fall 2024, the company acquired the war-damaged West Gate logistics center near Kyiv from Dragon Capital and plans to invest $63 million into rebuilding its two phases. In Ukraine, Aurora expanded its network by 283 stores in 2024, reaching over 1,600 locations by December.
Aurora is also exploring new store formats. In the fall, it opened a 700-square-meter store on Zhilyanska Street in Kyiv. In 2025, the retailer plans to invest about $100 million in growth, including expansion into foreign markets.
7. Metro Ukraine
Owners: Metro Group
Revenue in 2023: ₴25.6 billion
Profit in 2023: -₴0.4 billion
Revenue for 6 Months of 2024: ₴12.8 billion
Revenue Growth in 6 Months of 2024: 11%
As of 2024, the German retailer operates 23 wholesale centers in 14 Ukrainian cities and three smart-format stores in Ternopil, Lutsk, and Chernihiv. The company has largely ceased expansion in Ukraine; its last store openings were in 2019 (Chernihiv) and 2011 (Zhytomyr).
Metro focuses on partnerships with HoReCa businesses, launching a dedicated app, Mcompanion, which tracks order history, balances, and invoices, and facilitates ordering.
The retailer installed cooling systems using natural refrigerant CO2 (R744) and is replacing diesel forklifts with electric ones to improve energy efficiency.
8. Novus
Owners: Maryna Poznyakova, Raimondas Tumėnas, Agnė Ruzgienė
Revenue in 2023: ₴23.6 billion
Profit in 2023: ₴0.3 billion
Revenue for 6 Months of 2024: ₴13.4 billion
Revenue Growth in 6 Months of 2024: 26%
In 2024, Novus launched a mobile app integrating loyalty cards, personalized promotions, and price-scanning features. By year-end, the app had 360,000 users. The retailer introduced an automatic product clearance system, reducing stock by 11% in its first month.
Novus opened a 50,000-square-meter logistics center with 18 temperature zones, replacing seven smaller facilities in Kyiv and the region. The energy-independent center was partly funded by a $100 million loan from the EBRD.
The company added eight new stores in 2024, reaching 85 supermarkets, 28 minimarkets ("Mi Market"), and two discounters ("Khapayka") by December.
9. EVA
Owners: Ruslan Shostak, Valeriy Kiptyk
Revenue in 2023: ₴21 billion
Profit in 2023: ₴2.1 billion
Revenue for 6 Months of 2024: ₴12.5 billion
Revenue Growth in 6 Months of 2024: 36%
EVA, Ukraine's largest drugstore chain, operates about 1,100 locations, 65 of which were opened in 2024. These feature the updated "Women's Energy" format with separate beauty and home care sections.
In May, the company launched EVA Beauty, a premium and professional product store format. The first location, with investments of ₴15.5 million, includes a beauty salon. Another opened in Lviv's Victoria Gardens mall. Online sales now account for 14% of total revenue.
10. Retail Group
Owner: Roman Lunin
Revenue in 2023: ₴18.4 billion
Profit in 2023: Data not disclosed
Revenue for 6 Months of 2024: ₴9.9 billion
Revenue Growth in 6 Months of 2024: 14%
In February, Lunin's company won an auction for the Kyiv Prosthetic Plant, offering ₴165 million. Plans include modernizing its three facilities (Kyiv, Chernihiv, Cherkasy) covering 12,300 square meters.
By December, Retail Group operated 59 grocery stores: 8 Velika Kyshenya, 33 Velmart, 17 VK Express, and 1 VK Select. The company also manages 7 Equator shopping centers, 1 Turbina entertainment center, and 3 Multipark children’s centers.
Due to the missile strike, the company lost part of its inventory but quickly shifted logistics to other warehouses. In 2024, the chain opened seven new stores in Khmelnytskyi and Ivano-Frankivsk. As of December, the chain operates 104 supermarkets in Ukraine.
11. Varus
Owners: Valeriy Kiptyk, Ruslan Shostak
Revenue in 2023, UAH billion: 17.5
Profit in 2023, UAH billion: 0.1
Revenue for 6 months of 2024, UAH billion: 9.6
Revenue growth for 6 months of 2024: 14%
The Varus network operates 112 supermarkets across various regions of Ukraine. In 2024, the company opened 10 new stores, including five in a new region—Odesa. Since 2023, the retailer has been developing proximity stores under the Varus Home format, with four stores in operation as of December 2024.
This year, Varus updated the Scan&Go service in Dnipro stores, allowing customers to pay via smartphone. In both updated and new stores, the retailer has introduced self-checkout systems. The company’s mobile app is used monthly by 230,000 customers.
In February, the Antimonopoly Committee of Ukraine approved TOV "Tiksid," part of Terwin Group co-owned by Ruslan Shostak of Varus, to acquire the Dnipro-based Neo Plaza shopping mall. Starting in May, Shostak’s joint company with Kiptyk, UT Company, won a tender from the "State Logistics Operator" (DOT) to supply food products to military units in Zaporizhzhia.
12. Foxtrot
Owners: Hennadiy Vykhodtsev, Valeriy Makovetsky
Revenue in 2023, UAH billion: 12.7
Profit in 2023, UAH billion: 0.3
Revenue for 6 months of 2024, UAH billion: 6.1
Revenue growth for 6 months of 2024: 26%
In November, approximately 10,000 Foxtrot items were made available on the Kasta marketplace. Within a month of collaboration with the clothing, footwear, and accessories marketplace, over 52% of customers became new to the retailer. This partnership has been established permanently.
In December, the network joined the new marketplace Market by Mono, which emerged this year as a competitor to Rozetka. Foxtrot operates 124 stores in 66 cities across Ukraine, including frontline areas like Kherson, Kramatorsk, and Sloviansk.
13. Tavriya Plus
Owners: Borys Muzalyev, Mykhailo Muzalyev
Revenue in 2023, UAH billion: 12.4
Profit in 2023, UAH billion: 0.2
Revenue for 6 months of 2024, UAH billion: 6.3
Revenue growth for 6 months of 2024: 5%
In June, a Russian missile strike on Odesa damaged the only warehouse of the Tavriya V supermarket chain. According to preliminary estimates, losses amounted to UAH 300 million, said network CEO Vitaliy Karando in an interview with Forbes Ukraine. Approximately 20,000 sq. m. of the 52,000 sq. m. warehouse were destroyed, where food, household chemicals, and home goods were stored.
The Tavriya Plus portfolio includes over 120 Tavriya V supermarkets, three premium-class Cosmos stores, and eight Pyure discount stores. The retailer also operates 14 Blys & Vidro drugstores, with a total area of approximately 188,000 sq. m.
14. Auchan Ukraine
Owners: Elo Group
Revenue in 2023, UAH billion: billion UAH: 11
Profit in 2023, UAH billion: -0.9
Revenue for 6 months of 2024, UAH billion: 4.8
Revenue growth for 6 months of 2024: -8%
During the massive missile strike on January 8, Russian occupation forces hit the "Sonsichna Galereya" shopping center in Kryvyi Rih, where Auchan is an anchor food tenant. At the time of the attack, all Auchan employees were in shelters, and none were injured.
In April, "Auchan Ukraine" closed hypermarkets in Zaporizhzhia and Kryvyi Rih. The company explained its decision by the expiration of its lease agreement with the Arricano shopping center.
In 2025, the company plans to exit the Russian market, as revealed in October by La Lettre. The company has already found a buyer for its Russian business and is in the final stages of negotiations, according to French publication Le Figaro. The main reason is that the conditions for doing business in Russia have significantly worsened, especially due to Western sanctions.
15. Fayno Market
Owner: Vitaliy Denysenko
Revenue 2023, billion UAH: 7.7
Profit 2023, billion UAH: 0.2
Revenue for the first half of 2024, billion UAH: 4.3
Revenue dynamics for the first half of 2024: 14%
During the full-scale war – from April 2022 to December 2024 – the company "Veresen Plus" opened about 80 "Fayno Market" stores. The chain now has 195 stores, with a total area of over 40,000 sq. meters. The highest concentration is in the Kirovohrad region.
Since 2023, the retailer has been rebranding its stores, including launching mini-cafes within them. Around 40 stores have opened with the new design. In 2025, the company plans to launch a completely new website.
16. Allo
Owner: Dmytro Derevytsky
Revenue 2023, billion UAH: 7.6
Profit 2023, billion UAH: 0
Revenue for the first half of 2024, billion UAH: 4.1
Revenue dynamics for the first half of 2024: 300%
As of December, "Allo" has about 300 stores in over 100 cities in Ukraine. Along with traditional stores, the retailer is developing a network of delivery points for its marketplace. Some of these are opening as corners within OKKO gas stations.
Throughout 2024, "Allo" updated its mobile app, changing the design, and search function, and adding new features. The company’s marketplace ranks fourth in Ukraine by traffic among all online stores. Ahead are Rozetka.ua, "Epicenter", and Comfy.
17. LPP Ukraine
Owner: LPP Group
Revenue 2023, billion UAH: 7.5
Profit 2023, billion UAH: 0.5
Revenue for the first half of 2024, billion UAH: 4.6
Revenue dynamics for the first half of 2024: 50%
Polish retailer LPP operates about 250 clothing stores in Ukraine under the Reserved, House, Cropp, Mohito, and Sinsay brands. In 2024, the company focused on expanding Sinsay – over 100 stores were opened within the year. By December, the chain has about 170 stores. In 2025, the retailer plans to open as many stores as it did in 2024, according to LPP's CEO in Ukraine, Yarema Ivakhiv.
The Sinsay brand is also strong online. Its app is one of the most downloaded in the "shopping" category on the App Store and PlayMarket, according to Devlight's research. Online sales for Sinsay in Ukraine account for 28%, says Ivakhiv.
18. JYSK
Owner: Lars Larsen Group A/S
Revenue 2023, billion UAH: 6.4
Profit 2023, billion UAH: 1.5
Revenue for the first half of 2024, billion UAH: 2.7
Revenue dynamics for the first half of 2024: -4%
The Scandinavian furniture and decor chain JYSK is one of the few international chains that did not suspend its operations in Ukraine over the past three years. Between 2022-2024, JYSK opened more than 20 new stores, renovated 17, and rebuilt six stores that were damaged or destroyed. Over the last two years, investments in development amounted to about 400 million UAH.
The latest location started operating on December 26 in Kalush, Ivano-Frankivsk region. This new store is the 103rd in the chain, which celebrated 20 years of operation in the Ukrainian market in October. Next year, the retailer plans to open nine more stores and renovate 12.
19. Citrus Group
Owner: Hryhoriy Topal
Revenue 2023, billion UAH: 6
Profit 2023, billion UAH: n/a
Revenue for the first half of 2024, billion UAH: 2.4
Revenue dynamics for the first half of 2024: -55%
Throughout 2024, "Citrus" updated around 30 out of 70 stores. The company expanded its electronics assortment to include large and small home appliances. This occurred against the backdrop of a 55% decrease in the retailer's revenue for the first half of 2024 compared to the first half of 2023.
In July, the retailer added a new store to its network at the Kyiv-based Blockbuster Mall. In December, the company joined the marketplace market by mono.
20. Prostor
Owner: Vadym Tuhai
Revenue 2023, billion UAH: 6
Profit 2023, billion UAH: n/a
Revenue for the first half of 2024, billion UAH: 2.5
Revenue dynamics for the first half of 2024: -37%
One of the largest beauty and care product retailers, Prostor, had more than 450 stores in over 120 cities by December 2024. Since acquiring the "Kosmo" chain in 2021, when Prostor grew to 420 stores, the retailer essentially paused expansion. Despite a 37% decline in revenue in the first half of 2024 compared to the same period in 2023, the company remains second in the drugstore market, trailing only the EVA store chain.