Evrotek

About Evrotek

Evrotek, founded in 1995 in Kyiv, has transitioned from an agricultural supplier to a significant player in Ukraine's retail sector. Initially, the company focused on supplying fuel and agricultural commodities. A pivotal shift occurred in 2006 when founder Mykhailo Veselskyy and shareholders divested from their successful sunflower oil production business, which held a 15% market share, to reinvest in the burgeoning retail market. This strategic move was driven by the goal of introducing European standards to the Ukrainian grocery retail landscape.

The company's retail journey began with the opening of its first "Fresh" supermarket in Kerch on October 24, 2007. Expansion followed rapidly, with nine more supermarkets launched by 2008. To fuel further growth, Evrotek secured investment from the International Finance Corporation and Horizon Capital at the end of 2008. This financial strengthening enabled a significant expansion in 2009 through the acquisition of several retail chains, including "Soyuz," "Kvartal," and "Arsen," thereby establishing a national presence. In 2015, the company also executed a buyout of the Barvinok department store chain.

Evrotek operates a multi-format retail model, encompassing supermarkets, mini-markets, and convenience stores to cater to a wide spectrum of consumer needs and income levels. The business operates under four main brands: "Fresh," "Arsen," "Soyuz," and "Kvartal". The company's revenue is generated through the sale of a wide array of products, including food, non-food items, and its own private-label goods. A key part of its strategy involves a meticulous supplier selection process and a focus on supporting national manufacturers to ensure product quality. The group also includes a development company for real estate management and a retail company, "Alyans Market," which handles procurement for its stores.